- Title:
Merger Update: Culligan / Waterlogic - Time:
11:00:01 - Date:
2 Sept 2022 - Category:
Acquisitions and alliances - ID:
0074Y
Anticipated acquisition by Osmosis Buyer Limited (Culligan) of Firewall Holding S.a.r.l. (Waterlogic)
CMA to look at Undertakings offer in detail
On 18 August 2022, the CMA announced that it is or may be the case that the above Merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.
On 25 August 2022, BDT Capital Partners LLC and Firewall Holding S.à. r.l. offered undertakings to the CMA. The CMA has considered the undertakings offered and today announced that it considers that there are reasonable grounds for believing that the undertaking offered, or a modified version of it, might be accepted by the CMA to remedy the substantial lessening of competition identified by the CMA.
The CMA now has until 28 October 2022 to decide whether to accept the undertakings, with the possibility to extend this timeframe to 23 December 2022 if it considers there are special reasons for doing so.
The text of this decision will be placed on the Competition and Markets Authority's website at https://www.gov.uk/cma-cases as soon as is reasonably practical.
In the event of media enquiries please email [email protected] .
Merger Update: Culligan / Waterlogic11:00:012 Sept 2022Acquisitions and alliances0074Y