Dairy Crest said Britain’s Competition and Markets Authority will accept the ratified proposal by Müller UK & Ireland Group for the purchase of Dairy Crest’s dairies business.
On 6 November last year, the FTSE 250 group agreed to sell its dairies operations to Müller UK & Ireland after its shareholders approved the deal.
Late in June this year, the UK competition watchdog indicated there were reasonable grounds for believing that undertakings offered by Müller as part of the deal would address its concerns over fair competition.
In a short statement released on Wednesday, the dairy products producer said it expects the sale to be completed by the end of 2015, adding the deadline for the final decision over the deal, set for 19 October after the CMA extended it by 40 days in August, remains unchanged.
“We welcome today’s announcement from the CMA,” said Dairy Crest chief executive Mark Allen.
“The transformational sale of our Dairies operations is another step closer and remains on track to complete in 2015.”
Full content: Digital Look
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Car Battery Makers to Challenge EU Cartel Charges in Brussels
May 29, 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