date:Jun 13, 2012
rty but became aware it had taken place thanks to the work of its merger intelligence department.
Jurisdiction
Under UK law, companies are not obliged to notify the competition watchdog of takeover proposals but many choose to do so in advance to gain regulatory approval before going ahead, he added.
For the OFT to claim jurisdiction over a transaction where two distinct companies become one enterprise, the turnover of the company to be bought should be at least 70m (86m, US$108m) or where it