Merger Update
March 05 2010 - 5:00AM
UK Regulatory
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RNS Number : 1484I
Office of Fair Trading
05 March 2010
Invitation to Comment
Anticipated acquisition by Procter & Gamble of the air care business of Sara Lee
Corporation
The Office of Fair Trading (OFT) is considering whether the above acquisition
qualifies for a request to be made under Article 22 of Council Regulation (EC)
139/2004 (the EU Merger Regulation or EUMR) to have the merger case referred to
the European Commission for investigation and if so whether it would be
appropriate for the OFT to make such a request.
The OFT is giving consideration to such a request on the basis that the merger
does not have a Community dimension within the meaning of Article 1 of the EUMR.
However the OFT is considering whether the merger may affect trade between
Member States and may threaten to significantly affect competition within the
territory of the UK.
If it decides to grant any such request made by the UK, the European Commission
would examine the concentration further under the EUMR.
Affected sector: air care products
Please send written representations about any implications the merger may have
for competition in the UK to:
Tim Geer
Office of Fair Trading
Fleetbank House
2-6 Salisbury Square
London EC4Y 8JX
Tel: 020 7211 8339
Fax: 020 7211 8916
Email: tim.geer@oft.gsi.gov.uk
Given the tight deadlines involved representations should arrive by 17.00 Friday
12 March.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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