Britain’s Competition and Markets Authority said on Monday it would examine whether Ion Capital’s proposed acquisition of financial systems firm Fidessa will stifle competition, reported The Financial Times.
In a statement on Monday the Competition and Markets Authority (CMA) said it was considering whether the deal would result in a substantial lessening of competition within any market or markets in the UK. In its offer document in May, Fidessa forecast the deal would go before the CMA but said it did not expect the deal to be the subject of a deeper CMA investigation. It also forecast the deal would close at the start of August.
In April, Fidessa agreed to a £1.5 billion ($2.1 billion) acquisition by Ion, a financial software firm backed by US private equity group Carlyle, ditching a takeover by Swiss banking software business Temenos.
Full Content: Financial Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI