GTCR / PR Newswire merger inquiry
The CMA investigated the anticipated acquisition by GTCR Canyon Holdings (Gorkana) of the PR Newswire business.
|Phase 1 date||Action|
|8 July 2016||Undertakings in lieu accepted|
|22 June 2016||Decision published|
|20 June 2016||Decision announced|
|17 June 2016||Initial enforcement order|
|31 May 2016||Launch of merger inquiry|
|16 May to 25 May 2016||Invitation to comment|
Undertakings in lieu of reference accepted
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.
- UIL acceptance decision (14.7.16)
- GTCR final undertakings (8.7.16)
- Press release: CMA accepts media contact databases merger remedy (8.7.16)
Undertaking in lieu of reference consultation
22 June 2016: We are consulting on a proposed undertaking in lieu of a reference for the completed acquisition by GTCR Canyon Holdings (Gorkana) of the PR Newswire business.
CMA to consider undertakings offered
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.
- Notice to consider undertakings offered (22.6.16)
Reference unless undertakings accepted
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.
- Full text decision (22.6.16)
Initial enforcement order
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.
Launch of merger inquiry
31 May 2016: The CMA announced the launch of its merger inquiry by notice to the parties.
Invitation to comment: Now closed
- Invitation to comment (16.5.16)
Please send written representations about any competition issues to:
Competition and Markets Authority
Published: 16 May 2016
Updated: 14 July 2016
Opened: 16 May 2016
Closed: 14 July 2016
- Undertakings in lieu acceptance decision published.
- Undertakings in lieu of reference accepted.
- Variation order published.
- Undertakings in lieu of reference consultation launched and full text decision published.
- CMA to consider undertakings announcement added.
- Decision announced: reference unless undertakings accepted.
- Initial enforcement order published.
- Commencement of initial period notice published,
- First published.
Case type: Mergers
Case state: Closed
Market sector: Communications