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Spanish Competition Authority: CNC initiates proceedings against Verifone for completing Hypercom merger prior to notification

( May 30, 2012, 10:56 GMT | Official Statement) -- MLex Summary: The Spanish Competition authority has opened a probe into payment technology provider Verifone to assess whether it completed its purchase of rival Hypercom before notifying the tie-up to the regulator for approval. The authority has six months to complete its investigation.The full statement (in Spanish) follows....

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