On Tuesday, the British competition regulator said it was considering whether asset management firm BlackRock’s (NYSE: BLK) 2.55 billion pound ($3.23 billion) acquisition of UK data firm Preqin would raise competition concerns in the local market.
The Competition and Markets Authority, which hasn’t yet launched its formal probe into the deal announced in June, has invited interested parties to submit their views on the impact the deal could have on competition in the UK.
($1 = 0.7901 pounds)
Mary Lee is a freelance writer and journalist based in Toronto, Canada. She holds an M.S. degree in business and economic journalism from Columbia University’s Graduate School of Journalism in New York and a certificate in digital marketing from the University of Toronto. Read Full Bio
