M&A Foundations · glossary
Competition (antitrust) review of acquisitions: authorities check whether a deal would substantially harm competition, and larger deals may not complete before clearance. Despite the name, it has nothing to do with whether the deal is technically a merger. Chapter 13
Explained in Chapter 13, Signing to Completion, of M&A Foundations.
Second, merger control: the review of acquisitions by competition authorities. Deals above turnover or market-share thresholds may need clearance from the European Commission (for “concentrations with an EU dimension”) or the UK’s Competition and Markets Authority. UK notification is technically voluntary, but the CMA can call deals in and unwind completed ones, so on any deal with a UK overlap the question is analysed, not ignored.Read Chapter 13, Signing to Completion →
Every chapter of M&A Foundations is free to read, including the full training share purchase agreement.
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