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Saint Gobain unit and Scanpole abandon deal amid UK antitrust probe

By Jon Menon ( August 14, 2024, 14:56 GMT | Insight) -- Saint Gobain’s Calders & Grandidge unit and Scanpole have scrapped their planned merger amid a UK antitrust probe. Scanpole’s buyout of the English subsidiary of the French multinational for an undisclosed sum in March came under the scrutiny of the UK Competition and Markets Authority in June. The watchdog had set a deadline of Aug. 20 to complete an initial review of the deal between the makers of wooden utility poles and fencing posts.Saint Gobain’s Calders & Grandidge unit and Scanpole have scrapped their planned merger amid a UK antitrust probe of the deal between the makers of wooden utility poles and fencing posts....

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