RSS UK's Competition Watchdog To Investigate Planned Merger Of BlackRock, Preqin

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 RSS UK's Competition Watchdog To Investigate Planned Merger Of BlackRock, Preqin

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On Friday, the UK's Competition and Markets Authority (CMA) revealed it is examining the proposed acquisition of Preqin Ltd. by BlackRock, Inc. This scrutiny aims to assess whether the deal constitutes a relevant merger situation under the guidelines of the Enterprise Act 2002. Additionally, the Authority seeks to establish whether this acquisition could significantly diminish competition within the market.

To facilitate this inquiry, the CMA has issued an initial 'invitation to comment,' inviting stakeholders to share their perspectives on how this transaction might impact competition in the UK.

At present, BlackRock's shares are trading at $1,058.33, reflecting a slight decrease of 0.05% on the New York Stock Exchange.

The material has been provided by InstaForex Company - www.instaforex.com
 
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