Press Release: Mergers: Commission approves acquisition of StorageTek by Sun Microsystems

Author (Corporate)
Series Title
Series Details IP/05/1070 (26.8.05)
Publication Date 26/08/2005
Content Type

The European Commission on 26 August 2005 cleared under the EU Merger Regulation the proposed acquisition of Storage Technology Corp. ('StorageTek'), the US storage solutions company, by Sun Microsystems Inc. ('SUN'), the US network computing products and services company. After examining the operation carefully, the Commission concluded that the transaction would not significantly impede effective competition in the EEA or any substantial part of it and therefore approved the concentration.
Source Link http://europa.eu/rapid/pressReleasesAction.do?reference=IP/05/1070&format=HTML&aged=0&language=EN&guiLanguage=en
Related Links
Sun Microsystems: About Sun: Sun News: Press Releases: Sun Microsystems to Acquire StorageTek for $4.1 Billion, Creating a Global Leader in Network Computing and Data Management, 2.6.05 http://www.sun.com/smi/Press/sunflash/2005-06/sunflash.20050602.1.html
European Commission: DG Competition: Merger Cases: M.3866 http://ec.europa.eu/comm/competition/mergers/cases/index/m77.html
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