$2B Diageo-USL Merger Could Harm Competition, UK Says

Law360, New York (February 7, 2014, 2:16 PM EST) -- The U.K. antitrust watchdog spelled out concerns with Diageo PLC’s £1.3 billion ($2.1 billion) takeover of India-based United Spirits Ltd., owner of Scotch whisky maker Whyte & Mackay, in a 53-page report released Thursday, saying the deal could have a significant anti-competitive effect on the blended Scotch whisky market.

The U.K. Office of Fair Trading released the full results of its November probe into the merger. The OFT had expressed reservations on the U.K. wine and spirits giant Diageo’s takeover of USL, as the companies produce...
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