8 July 2016: The CMA has accepted undertakings in lieu of reference for the acquisition by GTCR Canyon Holdings (Gorkana) of the PR Newswire business. A copy of the undertakings and the decision are available below.
21 June 2016: The CMA considers that there are reasonable grounds for believing that the undertakings offered by GTCR, or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002. A copy of the notice is available below.
20 June 2016: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns. The full text of the decision is available below.
17 June 2016: The CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on GTCR in relation to the anticipated acquisition by GTCR Canyon Holdings (Gorkana) of the PR Newswire business.