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Bottomline-Experian deal raises questions about CMA intervention deadline

By Victoria Ibitoye ( November 12, 2019, 17:25 GMT | Insight) -- The referral of Bottomline Technologies’ completed acquisition of Experian’s payments-gateway business to an in-depth review in the UK has revealed a dispute over the legality of the merger probe itself. The Competition and Markets Authority noted that Bottomline had argued that it missed the statutory deadline for intervention, raising the potential prospect of litigation if the companies are forced to unwind the deal.The referral of Bottomline Technologies’ completed acquisition of Experian’s payments-gateway business to an in-depth review in the UK has revealed a dispute over the legality of the merger probe itself.   ...

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