An Eye On Acquiring Minority Interests

Law360, New York (April 21, 2010, 12:56 PM EDT) -- A recent report published by the U.K.’s Office of Fair Trading (OFT) could signal a renewed interest by competition authorities in situations where companies obtain minority interests in competitors.

U.K. competition authorities have typically investigated the acquisition of minority interests under merger control provisions, which apply only where the minority interest in question enables the acquirer to exercise some form of "control" over its competitor (what exactly constitutes "control" can vary from case to case).

However, the report highlights that many forms of minority rights that...
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