Investigations by the UK’s Competition and Markets Authority are at an “unprecedented” level, with a number of big name takeovers subject to review.
The focus on takeovers and their implications for competition have become a hot button issue in recent months. Indeed, investigations by competition regulators into proposed takeovers are on the rise, reaching “unprecedented” levels, according to some.
Observers describe the UK's watchedog, the Competition and Markets Authority (CMA) as more “interventionist”, while figures indicate a large proportion of takeovers that enter a so-called “Phase Two” investigation at the CMA are either blocked or abandoned as the watchdog begins to raise concerns. According to close watchers, only around one fifth of the deals subject to a Phase
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