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Enforcers' use of 'Towercast' for killer acquisitions would create 'real misery' for merging parties, EU's Guersent says

By Lewis Crofts ( April 12, 2024, 00:17 GMT | Insight) -- Companies would suffer a "real misery" of uncertainty and extended probes if the European Commission has to resort to using antitrust powers to tackle deals where large companies acquire smaller ones without a formal merger review, the EU's top competition official said. Olivier Guersent said legislative changes would be necessary to clear the way for the European Commission to deploy the power, and reopening merger rules is riven with political complications.Companies would suffer a "real misery" of uncertainty and extended probes if the European Commission has to resort to using antitrust powers to tackle deals where large companies acquire smaller ones without a formal merger review, the EU's top competition official said....

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