UPDATE: Stericycle/Ecowaste merger: Competition Appeal Tribunal rejects appeal against remedies* An earlier post considered the Competition Commission’s (“CC”) prohibition of Stericycle’s completed acquisition of a competitor, Ecowaste Southwest. Having found that the merger would have resulted in a substantial lessening of competition (“SLC”) in the treatment of healthcare risk waste in southwest England, the CC required Stericycle to divest the entirety of the acquired businesses to an approved buyer, on an accelerated timetable. Stericycle was also prohibited from bidding for any contracts presently held by Ecowaste until it had implemented the remedy. On 24 May, the Competition Appeal Tribunal (“CAT”) dismissed Stericycle’s appeal against the remedy imposed by the CC. This judgment was
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The UK Competition Appeal Tribunal rejects appeal against merger remedies in the healthcare waste services industry (Stericycle / Ecowaste Southwest)
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