Akzo Wins Chance To Topple UK's Ban On Metlac Merger

Law360, New York (November 6, 2013, 3:36 PM EST) -- A U.K. appeals court has agreed to review the Competition Commission's decision to block Akzo Nobel NV's takeover of rival Metlac Holding Srl, saying in an order released Wednesday that the Dutch chemical company had a chance of succeeding in a case that could have consequences for the watchdog's reach.

The Court of Appeal of England and Wales granted Akzo's request for permission to appeal in an order dated Oct. 31 and released Wednesday. The company is challenging the Competition Appeal Tribunal's June ruling that Akzo...
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