CC switches on £2.5bn broadcast merger
Clifford Chance (CC) has helped broadcast transmission companies Arqiva and National Grid Wireless (NGW) win conditional approval of their merger from the UK Competition Commission. London-based competition partners Jenine Hulsmann and Oliver Bretz advised both NGW and Arqiva throughout the Competition Commission probe into the £2.5bn merger, which was first announced in April 2007.
March 19, 2008 at 10:33 PM
2 minute read
Clifford Chance (CC) has helped broadcast transmission companies Arqiva and National Grid Wireless (NGW) win conditional approval of their merger from the UK Competition Commission.
London-based competition partners Jenine Hulsmann and Oliver Bretz advised both NGW and Arqiva throughout the Competition Commission probe into the £2.5bn merger, which was first announced in April 2007.
Around 10 partners from CC advised Arqiva parent company Macquarie on its bid for NGW, acting opposite Linklaters for National Grid, which had put the business up for sale in 2006.
The Commission's approval means the deal can now go ahead as long as certain conditions are met to protect the interests of customers. CC will continue to advise both companies throughout the integration process.
Hulsmann said: "This was an interesting deal as we had a large team doing all of the corporate, competition and finance work. It is a pleasure that a challenging investigation like this has gone through."
She added: "The Commission has recognised that the merger will result in substantial benefits to customers, including reducing the risks associated with the switchover to digital television. The decision is significant in that Arqiva and NGW are able to merge without onerous undertakings in terms of forced sales or divestments."
Jonathan Blackburn led a team of in-house lawyers at the Competition Commission throughout the entire course of the investigation.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllDavis Polk Veterans Launch M&A, Private Equity Boutique in France & Italy
2 minute readDentons and Eversheds Advise on Billion-Dollar Gulf Infrastructure Projects
3 minute readTrending Stories
- 1The Law Firm Disrupted: Playing the Talent Game to Win
- 2A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5A RICO Surge Is Underway: Here's How the Allstate Push Might Play Out
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250