OFT Fast-Tracks Review Of Travel Agencies' Merger

Law360, New York (March 2, 2011, 3:10 PM EST) -- The U.K.'s Office of Fair Trading announced Wednesday that it has made a fast-track reference to the country's Competition Commission for a proposed merger between travel agencies Thomas Cook Group PLC and Co-operative Group Ltd.

The OFT opted for this fast-track reference procedure, which the regulator said it is using for the first time in this case, following a joint Feb. 14 request from the parties to expedite the first step of the deal's regulatory review.

Under U.K antitrust practices, the OFT first reviews a proposed...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.