RE: Almost there13 May 2017 12:28
Subject to the outcome of a period of public consultation which closes at 5 pm tomorrow, he is proposing to accept statutory undertakings set out by the parties.
This would avoid the need to refer the proposed takeover to the Competition and Markets Authority for a more detailed investigation.
While the German authorities, which originally said the acquisition fell below their radar, has now decided to take another look at the deal Sepura can negotiate its way round that minor hurdle once the UK clearance is obtained.
A successful outcome in the UK would be a huge relief to Sepura’s lenders who have waived covenants, delayed paybacks and stood by the firm admirably through a protracted period of negotiations outside both companies’ control.