U.K. CMA Refers Proposed Akzo Nobel-Axalta Merger to Phase 2 Probe
The Competition and Markets Authority said the proposed merger may substantially lessen competition in one or more U.K. markets.
LONDON (dpa-AFX) - The U.K.'s Competition and Markets Authority (CMA) announced Wednesday that the proposed merger between Dutch paint and coating maker Akzo Nobel N.V. (AKZOY) and Axalta Coating Systems Ltd. (AXTA) may substantially lessen competition in one or more U.K. markets.The decision follo…