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BERKSHIRE HATHAWAY / TTI
M.4554
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REGULATION (EC) No 139/2004 MERGER PROCEDURE
Article 6(1)(b) NON-OPPOSITION Date: 21/03/2007
In electronic form on the EUR-Lex website under document number 32007M4554
Office for Official Publications of the European Communities L-2985 Luxembourg
COMMISSION OF THE EUROPEAN COMMUNITIES
Brussels, 21.03.2007
SG-Greffe(2007) D/201303
PUBLIC VERSION
MERGER PROCEDURE ARTICLE 6(1)(b) DECISION
SIMPLIFIED PROCEDURE
To the notifying party:
Dear Madam(s) and/or Sir(s),
Subject: Case No. COMP/M.4554 - BERKSHIRE HATHAWAY/TTI Notification of 15.02.2007 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 Publication in the Official Journal of the European Union No. C 041 of 24/02/2007.
1.On 15.02.2007 the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004, and following a referral pursuant to Article 4(5) of this Regulation, by which Berkshire Hathaway Inc. (“Berkshire”, USA) acquires within the meaning of Article 3(1) (b) of the Council Regulation sole control of TTI Inc. (“TTI”, USA) by way of transfer of shares.
The business activities of the undertakings concerned are:
-- for Berkshire: diversified holding company engaged in numerous business activities, including insurance, and manufacturing sectors such as carpet, architectural and industrial coatings, insulation and building products and financial products.
1OJ L 24, 29.1.2004 p. 1
Commission européenne, B-1049 Bruxelles / Europese Commissie, B-1049 Brussel - Belgium. Telephone: (32-2) 299 11 11.
-- for TTI: distributor of electromechanical components.
2.After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5 (b) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004.
For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EC) No. 139/2004.
For the Commission signed Philip LOWE Director General
2OJ C 56, 05.3.2005 p.32
2