The UK Competition Commission prohibits a completed merger in the healthcare waste services industry requiring the divestment of the acquired business (Stericycle / Ecowaste Southwest)

Competition Commission prohibition of completed merger a warning to companies that do not wait for UK merger clearance* Unlike in most countries, in the United Kingdom, the notification of mergers is voluntary and there is no waiting period that must expire before a merger can be completed. Therefore, many mergers are completed without waiting for merger clearance from the Office of Fair Trading (“OFT”) or, if there is a full ‘Phase II’ investigation, the Competition Commission (“CC”). However, the OFT routinely investigates completed mergers and, each year, several are subject to an in-depth investigation by the CC, particularly those which satisfy the ‘share of supply’ test (creation or strengthening of a market share of 25% or more), but not the turnover test. A recent CC decision,

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  • St John’s Chambers (Bristol)

Quotation

Matthew O'Regan, The UK Competition Commission prohibits a completed merger in the healthcare waste services industry requiring the divestment of the acquired business (Stericycle / Ecowaste Southwest), 21 March 2012, e-Competitions Bulletin March 2012, Art. N° 45940

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