A PYMNTS Company

Israel: Antitrust authority launches fast track for merger

By  |  May 11, 2016

In an uncharacteristically merger-friendly mood, the Israeli Antitrust Authority has unveiled plans to create a fast-track, “bright-green lane” for proposed deals that do not pose questions of reducing competition.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The idea is to reduce regulatory hurdles and delays for mergers and acquisitions that raise little or no concern about market concentration, Globes reported.

    In such cases, the deals will be approved within “a significantly shorter period” than the 30 days required by law, the Antitrust Authority said.

    To qualify, the two companies involved in a merger or acquisition will have to provide detailed information and a full notice, as opposed to an abbreviated one otherwise used, including market research, analyses and data on market share that prove there are no competition worries.

    The Antitrust Authority said it will reconsider the policy after a three-month trial period, which will stretch from May 8 to August 8, before establishing it as a permanent mechanism.

    Full Content: Hamodia

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.