CMA fast tracks Ladbrokes/Coral merger to phase 2 investigation
The CMA has referred the proposed merger between Ladbrokes and Coral for an in-depth phase 2 investigation. This follows the parties’ request for a fast track reference. The CMA found in its phase 1 investigation that the transaction meets the test for reference as it gives rise to a realistic prospect of a substantial lessening of competition in relation to the supply of fixed odds betting products in licensed betting offices in a large number of local areas where Ladbrokes and Coral overlap. Click here.
European Commission approves acquisition of TNT Express by FedEx
The European Commission has approved under the EU Merger Regulation the proposed acquisition of TNT Express by FedEx Corporation. Both companies offer world-wide small package delivery services. Following an in-depth investigation opened in July 2015, the Commission has concluded that the acquisition will not give rise to competition concerns, because FedEx and TNT are not particularly close competitors and because the merged entity will continue to face sufficient competition from its rivals in all markets concerned. Click here.
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The European Commission has published an opinion to the English High Court on the disclosure of documents obtained from the access to file process as part of a Commission investigation. Click here.
The European Commission has opened a phase 2 investigation into the acquisition of Baker Hughes by Halliburton. Both companies provide oilfield services. Click here.
The CMA has cleared Linergy’s completed acquisition of Ulster Farm By-Products. This follows its provisional decision to clear the merger in November 2015. Click here.
The CMA is consulting on whether to make an Article 9 request to the European Commission to refer McKesson’s proposed acquisition of the united drug division and other associated businesses of UDG Healthcare to the CMA. Click here.
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