An EU court upholds a decision blocking the GE-Honeywell merger. But its findings could also be the "final nail in the coffin" of aggressive reviews
In a case closely watched by companies and antitrust experts on both sides of the Atlantic, the European Union's second-highest court on Dec. 14 upheld a 2001 decision by European trustbusters that blocked a planned merger between General Electric (GE ) and Honeywell International (HON ). But the court also found flaws in some of the European regulators' key findings, and that could lead them to take a more cautious approach in reviewing future mergers.
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