BT’s owners have given their official backing to the firm’s intended £12.5 billion takeover of EE.
Some 99.73 per cent of shareholders approved the transaction, and in the process, granted BT’s board of directors the authority to allot shares.
This move was widely expected ahead of the firm’s general meeting.Shareholder approval for BT’s takeover of EE may have been a relative formality, but getting the deal past the competition authorities may be less straightforward.
With a number of BT’s rivals opposing the move, the Competition and Markets Authority is carrying out a full review.
Earlier this week, EE Chief Executive Olaf Swantee claimed it could take the whole of 2015 for the regulator to make a decision on the takeover.
Full content: Mobile World Live
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Global Leaders Pledge to Develop AI Technology Safely Amid Regulatory Challenges
May 21, 2024 by
CPI
French Competition Watchdog Raids EPC Groupe
May 20, 2024 by
CPI
Nippon Steel Vice Chairman to Visit US for Key Meetings in U.S. Steel Acquisition
May 20, 2024 by
CPI
Google Pays Damages to US Government in Attempt to Avoid Jury Trial in Antitrust Case
May 20, 2024 by
CPI
Nature’s Miracle and Agrify Terminate Merger Agreement Amid Challenges
May 20, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI