Crowdcube, Seedrs Ask CMA To Fast-Track Deal Review
Law360 (October 23, 2020, 5:54 PM EDT) -- Crowdfunding platforms Crowdcube and Seedrs asked the U.K.'s antitrust regulator to fast-track its review merger directly to an in-depth investigation as the companies push their "plan to create the world's largest private equity marketplace."
On Friday, the Competition and Markets Authority announced the two companies had asked the agency to push its review of the merger to Phase 2 on an expedited deadline — just one day after the Phase 1 investigation was launched. According to the CMA, previous fast-tracked merger review cases have spent 10 to 15 working days in Phase 1 before moving to a 24-week Phase 2 probe....
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