Legal & Finance: Business Fear Being Left in the Dark

Summary

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There is mounting concern from business at a move by the Office of Fair Trading to stop giving confidential advice and guidance on mergers.

It recently withdrew - with limited exceptions - both procedures, regularly used by companies to gauge the extent to which a proposed merger that was still confidential might raise competition concerns.

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Extract

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Legal & Finance: Business Fear Being Left in the Dark

Under the Confidential Guidance procedure the OFT would respond with a written indication of whether a transaction was likely to...

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