Commission Decision of 23/01/2002 declaring a concentration to be compatible with the common market (Case No IV/M.2666 - BERKSHIRE HATHAWAY / FRUIT OF THE LOOM) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Official Journal 053 , 28/02/2002 P. 0019 - 0019 Commission Decision of 23/01/2002 declaring a concentration to be compatible with the common market (Case No IV/M.2666 - BERKSHIRE HATHAWAY / FRUIT OF THE LOOM) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) To the notifying parties Subject: Case No. COMP/M.2666-Berkshire Hathaway/Fruit of the Loom Notification of 12.12.2001 pursuant to Article 4 of Council Regulation (EEC) No.
4064/89 [1] Publication in the Official Journal of the European Communities No. C 367, 21.12.2001. [1] OJ L 395, 30.12.1989 p. 1; corrected version OJ L 257 of 21.9.1990, p. 13, as last amended by Regulation (EC) No 1310/97, OJ L 180, 9.7.1997, p. 1, corrigendum in OJ L 40, 13.2.1998, p. 17. 1. On 12.12.2001, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which the American company Berkshire Hathaway Inc. acquires within the meaning of Article 3(1)(b) of the Council Regulation control of parts of the American company Fruit of the Loom by way of purchase of assets.
2. The business activities of the undertakings concerned are : - for Berkshire Hathaway : Property, insurance and investment - for Fruit of the Loom : Manufacturing and retailing of clothing 3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EEC) No. 4064/89 and of paragraph 4, c of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [2]. [2] OJ C 217, 29.07.2000, p. 32. 4. 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 (EEC) No. 4064/89. For the Commission Mario MONTI Member of the Commission