Merger Abandonment: Scanpole Limited / Calders and Grandidge (Boston) Limited
The CMA has received assurances from Scanpole, and on 12 August 2024 it was publicly announced, that the proposed merger between Scanpole Limited and Calders & Grandidge (Boston) Limited had been abandoned.
In the light of this supervening event, based on the information available to it, the CMA does not believe that it is or may be the case that arrangements are in progress or in contemplation which, if carried into effect, will result in the creation of a relevant merger situation. Instead, the CMA believes that the arrangements concerned are not sufficiently likely to proceed to justify the making of a reference.
Therefore, the CMA does not have a duty to refer the Merger under section 33 of the Enterprise Act 2002 as, pursuant to section 33(2)(b) of the Act, it believes that arrangements are not sufficiently far advanced, or are not sufficiently likely to proceed, to justify the making of a reference to phase 2.
The note of the case transaction abandonment will be placed on the dedicated case page as soon as is reasonably practicable.
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