Chinese antitrust authorities showed further willingness to use new powers to probe global deals by imposing tough conditions in clearing two high-profile mergers and acquisitions.
Mofcom, the country's commerce ministry, on Tuesday night published competition rulings relating to General Motors' acquisition of some units of Delphi, the bankrupt car parts maker, and Pfizer's take-over of Wyeth, a pharmaceuticals rival.
Competition experts said on Wednesday that the rulings highlighted Mofcom's desire to intervene in such “foreign-to-foreign” deals.
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