Navigating merger control risks

 

Any merger or acquisition has the potential to be scrutinised and blocked by the relevant competition authorities, whose job it is to protect the competitive process in markets. These authorities have the power to block a merger outright, or to impose remedies which can be onerous and may impair the commercial logic of the deal.

 

Most mergers will carry some form of merger control risk. Although serious issues tend to be the exception rather than the norm, these issues need to be handled carefully to protect shareholder value from a deal. A deeper understanding of these risks may widen the range of possible deal options for acquirers, and can improve your negotiating position whether you are a buyer or seller.

 

This guide summarises the key processes. It also explains how effective handling, on both a proactive and reactive basis, can help achieve commercial objectives, and how the Economics practice at PricewaterhouseCoopers can support you.