May 6, 2020 / 7:11 AM / a month ago

BRIEF-UK's CMA Blocks JD Sports' Purchase Of Close Competitor Footasylum

May 6 (Reuters) - UK’s CMA:

* UK’S CMA HAS BLOCKED JD SPORTS’ PURCHASE OF CLOSE COMPETITOR FOOTASYLUM AFTER FINDING IT WOULD LEAVE SHOPPERS WORSE OFF

* UK’S CMA - NOT FOUND EVIDENCE THAT IMPACT OF CORONAVIRUS WOULD REMOVE ITS COMPETITION CONCERNS FOR JD SPORTS/FOOTASYLUM DEAL

* UK’S CMA - JD SPORTS SHOULD BE ALLOWED TIME IN WHICH TO SELL FOOTASYLUM, GIVEN EXTRA CHALLENGES ASSOCIATED WITH VIRUS

* UK’S CMA - INDEPENDENT INQUIRY GROUPS DECIDED ONLY WAY TO ADDRESS COMPETITION CONCERNS IS FOR JD SPORTS TO SELL FOOTASYLUM TO APPROVED BUYER Source text for Eikon: Further company coverage:

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