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BEIS chair asks CMA if new takeover powers are required after Morrisons bid

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Published on: 02 July 2021

Published by LNB News

LNB News 02/07/2021

Document Information

Issue Date: 02 July 2021

Published Date: 02 July 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Business, Energy and Industrial Strategy Committee (BEIS) has announced that its chair, Darren Jones, has written to the Competition and Markets Authority (CMA) in relation to their powers to investigate takeovers. The letter of the BEIS chair comes following a recent takeover bid by US private equity firm, Clayton, Dubilier & Rice, for UK supermarket chain Morrisons. The letter has also been sent to the Financial Reporting Council for their views on the subject.

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