UK Wants First Dibs On Review Of Travel Agency Deal

Law360, New York (December 3, 2010, 6:50 PM EST) -- U.K. regulators want to take the lead on reviewing a proposed merger between travel agencies Thomas Cook Group PLC and Co-operative Group Ltd., saying the European Union should refer the matter to British authorities.

Mergers initially fall within the EU's jurisdiction, but they can be referred to the U.K. to be examined by the country's Office of Fair Trading. The OFT, which announced Friday it had asked for the referral, said the merger should be reviewed in the U.K. because any impact on competition would likely...
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