CMA Considers Accepting Undertakings Over LSEG's Quantile Acquisition
May 03 2022 - 3:17AM
Dow Jones News
By Joe Hoppe
The U.K. regulator said Tuesday that the expected acquisition of
Quantile Group Ltd. by London Stock Exchange Group PLC could
substantially lessen market competition, and that it is considering
accepting undertakings.
The Competition and Markets Authority said that based on the
information it has available, it is mulling whether to accept
undertakings. Quantile and LSEG have until May 10 to offer
undertakings, and if none are offered the CMA will refer the deal
for a further probe.
Early in December, London Stock Exchange Group said it was
buying Quantile Group--a portfolio, margin and capital optimization
and compression services provider--for up to 274 million pounds
($342.3 million).
The stock exchange and financial information company said the
acquisition was expected to close in 2022, subject to antitrust and
other financial approvals.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
May 03, 2022 03:02 ET (07:02 GMT)
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