M&A Activity • Jun 20, 2018
M&A Activity
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information
RNS Number : 0277S
Reach PLC
20 June 2018
20 June 2018
Reach plc (the "Company")
Further statement re merger investigation
The Board welcomes today's announcement by the Secretary of State for Digital, Culture, Media and Sport that the merger investigation, including the public interest considerations relating to the Company's acquisition of certain of Northern & Shell's UK publishing assets (the "Acquisition") does not require further investigation by the CMA.
This completes the regulatory review process in the UK in relation to the Acquisition.
Simon Fox commented: "We welcome today's decision by the Secretary of State. Today we are two successful separate news organisations, but together we will be stronger and better able to compete and adapt to the challenging conditions in which we operate."
Enquiries
| Reach | ||
| Simon Fox, Chief Executive Vijay Vaghela, Group Finance Director and Company Secretary |
020 7293 3553 | |
| Brunswick | ||
| Nick Cosgrove, Partner | 020 7404 5959 | |
| Will Medvei, Director | ||
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
END
FURURVURWAANUAR
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.