Overview At the end of March 2022, the UK Competition and Markets Authority (CMA) announced the unconditional clearance at Phase 1 of Freshways group's (Freshways) acquisition of the Medina group (Medina). This dairy processing and products merger provides a rare example of a deal being cleared on the basis that the target firm would otherwise exit the market absent the transaction – the so-called "failing firm defence". However, it seems unlikely that this decision represents a lowering of the high evidential bar set for a successful failing firm defence, nor does it necessarily indicate that the CMA will be more receptive to these type of arguments as UK businesses start to feel the full impact of the COVID-19 pandemic and the crisis in Ukraine. Here are our key takeaways from the
Partager sur
|
|
The UK Competition Authority announces unconditional clearance at phase 1 of the merger between two dairy processing companies on account of failing firm defence (Freshways / Medina)
L'accès à cet article est réservé aux abonnés
Déjà abonné ? Identifiez-vous
L’accès à cet article est réservé aux abonnés.
Lire gratuitement un article
Vous pouvez lire cet article gratuitement en vous inscrivant.
