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Virtus Health's completion of Adora Fertility deal without clearance sparks Australian lawsuit

( October 13, 2021, 05:59 GMT | Official Statement) -- MLex Summary: News that assisted reproductive technology company Virtus Health was ready to move ahead with its acquisition of industry peer Adora Fertility has prompted Australia’s competition regulator to file a lawsuit demanding an urgent injunction to stop the deal from proceeding. Virtus notified the Australian Competition & Consumer Commission of its intention to acquire Adora on Aug. 30, with the regulator announcing a public review of the deal a month later. “It is extremely disappointing to see parties moving to complete an acquisition involving competing businesses such as this while knowing there has been inadequate time for appropriate regulatory scrutiny, ACCC Chairman Rod Sims said in a statement announcing the Federal Court of Australia action....

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