Major UK Phase 2 Will Push CMA Analysis on Economic Growth Claims and Market Definitions, Sources Say

The UK Competition and Markets Authority’s fast-tracked phase 2 review of Associated British Foods’ (LON: ABF) proposed acquisition of Hovis will likely broaden the enforcer’s willingness to accept economic-growth focused arguments about failing firms, rivalry-enhancing efficiencies, security of supply and impacts on low-income consumers, according to sources familiar with the investigation. The companies are also […]