UK Software Cos. Scuttle Merger Amid Antitrust Probe

Law360, New York (March 31, 2011, 4:41 PM EDT) -- Faced with an extended antitrust review, rival mortgage-sourcing software developers MBL Holdings Ltd. and TrigoldCrystal Group Ltd. have decided to walk away from a proposed £6.8 million ($10.97 million) merger, a U.K. regulator said Thursday.

The U.K.'s Office of Fair Trading said it had canceled its investigation and request for the country's Competition Commission to examine MBL's bid to acquire TrigoldCrystal after the parties said they had abandoned the transaction.

TrigoldCrystal said the OFT's March 17 decision to refer the transaction to the Competition Commission triggered...
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