UK's CMA Launches Investigation into APi Group's Planned Chubb Buy
October 18 2021 - 6:41AM
Dow Jones News
By Ian Walker
The U.K. Competition and Markets Authority said Monday that it
is investigating whether APi Group Corp.'s planned $3.1 billion
acquisition of Chubb Ltd. will lead to a "substantial lessening of
competition" within its markets.
The regulator has invited comments from interested parties on
the deal ahead of a further investigation. It has set a deadline
for comments by Nov. 1, and a deadline of Dec. 13 for its phase 1
decision.
APi--a provider of safety, specialty and industrial
services--said on July 27 that it had agreed to buy Carrier Global
Corp.'s Chubb Fire & Security business.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
October 18, 2021 06:26 ET (10:26 GMT)
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