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ECONOMY • UNITED KINGDOM
UK regulator warns proposed AkzoNobel-Axalta merger could harm competition
2 SOURCES UNITED KINGDOMNEW
BLUF
The U.K. Competition and Markets Authority says the proposed $25 billion AkzoNobel-Axalta merger raises competition concerns. It will refer the deal for an in-depth investigation unless the companies offer to address those concerns, according to the Wall Street Journal.
HOW THIS BRIEF WAS MADE 1 outlet: 1 national. Automated sourcing and summaries by the BLUF engine. Corrections
Why it matters
The review could affect the companies and competition in markets where they operate. The article does not specify direct effects on U.S. businesses, customers or prices.
What happens next
The regulator says it will open a Phase 2 investigation unless the companies offer remedies; the article does not give a deadline or say whether they will do so.
Whether AkzoNobel and Axalta offer remedies
Whether the regulator opens a Phase 2 investigation