U.K.'s CMA Refers Roper, Thermo Fisher Deal to Phase Two Investigation
January 21 2019 - 6:51AM
Dow Jones News
By Carlo Martuscelli
The U.K.'s Competition and Markets Authority said Monday that it
will refer the acquisition of Roper Technologies Inc.'s (ROP) Gatan
business by Thermo Fisher Scientific Inc. (TMO) to a phase two
investigation.
The monopoly watchdog said it was concerned that should the $925
million deal go through, it would result in a substantial lessening
of competition in the supply of parts to manufacturers of electron
microscopes in the U.K.
The CMA said it intends to report the result of its
investigation by June 23.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
January 21, 2019 07:36 ET (12:36 GMT)
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