January 3, 2018 / 7:12 AM / 6 months ago

BRIEF-UK's CMA concerned Refresco purchase of Cott business could lead to higher prices

* SOFT DRINKS MERGER COULD LEAD TO HIGHER PRICES

* ‍COMPETITION AND MARKETS AUTHORITY (CMA) HAS BEEN CARRYING OUT AN INITIAL INVESTIGATION INTO REFRESCO’S PROPOSED $1.25 BILLION (ABOUT £935 MILLION) PURCHASE OF COTT’S WORLDWIDE BEVERAGE MANUFACTURING BUSINESS.​

* CMA CONCERNED THAT, AFTER MERGER, COMBINED BUSINESS MIGHT BE ABLE TO INCREASE PRICES OR LOWER QUALITY STANDARDS.​

* ‍CMA WILL NOW REFER MERGER FOR AN IN-DEPTH INVESTIGATION UNLESS REFRESCO OFFERS ACCEPTABLE UNDERTAKINGS TO ADDRESS COMPETITION CONCERNS​ Source text for Eikon: Further company coverage: [ ] (Reporting by Ben Martin)

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