Siemens, SMS deal draws German antitrust scrutiny

AuntMinnie.com staff writers
Jun 8, 2000

The German Federal Cartel Office (FCO) will conduct further investigations into the planned acquisition of healthcare information systems vendor, Shared Medical Systems, by Siemens Medical Systems, according to the latter company.

Under German antitrust law, the FCO could take until September 13 to complete its investigation, which will study the possible effects of the deal in Germany, according to the Iselin, NJ-based Siemens.

Siemens said it continues to believe that the intended acquisition does not raise any significant antitrust issues, and is confident that the FCO will give clearance to the deal well in advance of September 13.

As a result of the FCO’s investigation, Siemens has extended its cash tender offer for SMS, based in Malvern, PA, until June 30, the earliest practical date the firm believes the FCO may grant clearance.

By AuntMinnie.com staff writers
June 9, 2000

Related Reading

Anti-trust period expires for Siemens-SMS deal, May 29, 2000.

Siemens inks deal to buy Shared Medical Systems, May 1, 2000.

Copyright © 2000 AuntMinnie.com

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