In The News
Food cans supplier merger may be referred for phase 2 merger investigation
The CMA has found that Sonoco Products Company's acquisition of Weidenhammer Packaging Group GmbH gives rise to a realistic prospect of a substantial lessening of competition and will be referred for an in-depth phase 2 investigation unless acceptable undertakings are offered. Sonoco and Weidenhammer both manufacture and supply composite cans for food products and the CMA found that the merged company will be the largest manufacturer and supplier of this type of can in the UK. Click here.
CMA confirms lubricants phase 2 merger investigation
The CMA has referred Reckitt Benckiser's anticipated acquisition of the K-Y brand for an in-depth phase 2 investigation. In December the CMA announced that it would refer the merger for a full investigation unless the parties offered acceptable undertakings to address the CMA's competition concerns around the supply of personal lubricants to grocery retailers and national retail pharmacy chains in the UK. Although Reckitt Benckiser offered undertaking, the CMA was not confident that these would resolve the concerns in a clear-cut manner. Click here.
The Competition Appeal Tribunal has dismissed applications for review brought by Eurotunnel and the Société Coopérative de Production Sea France S.A. against the CMA's decision in relation to the completed acquisition by Eurotunnel of certain assets of the former SeaFrance. The CMA's decision confirmed that it had jurisdiction to review the merger, following remittal of this issue to the CMA as a result an earlier judgment by the CAT in relation to the Competition Commission's original decision on the merger. The CAT concluded that there was no basis for challenging the CMA's decision that the SeaFrance assets acquired constituted an "enterprise" and, therefore, that the relevant jurisdictional test was met. Click here. CMA
The CMA has decided to consider in detail whether to accept an undertaking offered by Motor Fuel Limited (MFL) instead of carrying out an in-depth phase 2 merger investigation. In December, the CMA announced that MFL's completed...