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Encyclopedia of Law and Economics pp 917–919Cite as

GE/Honeywell

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Definition

The GE/Honeywell case, one of the most controversial merger cases in the history of European merger control, was subject to a long and heated transatlantic debate on the vertical and conglomerate aspects of the European Commission’s 2001 prohibition decision. However, horizontal overlaps in the specific markets for aircraft and marine engines were, ultimately, the only reason given by the Court of First Instance for upholding the controversial decision.

The GE/Honeywell Case

In 2001, the attempted US$ 45 billion merger between General Electric Company (GE) and Honeywell International, Inc. could have become the largest deal of its kind in industrial history. However, while the U.S. Department of Justice Antitrust Division (DoJ) allowed the merger on the condition that minor structural remedies be carried out, the European Commission prohibited the merger (European Commission 2001a, b). Although the Court of First Instance (CFI) criticized the Commission’s analysis of the...

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Authors and Affiliations

  1. Wildau Institute of Technology, Technical University of Applied Science, Wildau, Brandenburg, Germany

    Philipp Schumacher

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  1. Philipp Schumacher
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Correspondence to Philipp Schumacher .

Editor information

Editors and Affiliations

  1. MRE and University of Montpellier, Montpellier, France

    Alain Marciano

  2. Faculté d’Economie, Université de Montpellier and LAMETA-UMR CNRS, Montpellier, France

    Alain Marciano

  3. DiGSPES, University of Eastern Piedmont, Alessandria, Italy

    Giovanni Battista Ramello

  4. IEL, Torino, Italy

    Giovanni Battista Ramello

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Schumacher, P. (2019). GE/Honeywell. In: Marciano, A., Ramello, G.B. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7753-2_186

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