Lamport Bassitt Solicitors - Legal News - OFT to probe Thomas Cook, Co-op Travel merger


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS OFT to probe Thomas Cook, Co-op Travel merger The planned merger of Thomas Cook and Co-op Travel is to be investigated by the Office for Fair Trading (OFT). In a case that could involve a mergers and acquisitions solicitor service, the OFT was handed the case after the European Commission decided it was beyond its own remit as it would only affect the UK. Concerns over competition have been raised as the merger would create the largest high street travel business in the UK. Thomas Cook said it will "continue to work closely with the OFT to obtain a rapid clearance". The news comes as the OFT announces a change to in its Mergers Group, with its senior director of mergers Dr Amelia Fletcher stepping down after two years. She is to be replaced with the current director of mergers Sheldon Mills. Meanwhile, competition minister Edward Davey has announced the appointment of 14 new members to the Competition Appeal Tribunal. Posted by Gaby Hamerton Related Articles: 22/9/2011 - Manufacturers targeting strategic acquisitions to drive growth 21/9/2011 - Mergers and acquisitions rule changes take effect 14/9/2011 - Govt wants to make London a 'legal hub' for the world 12/9/2011 - ICB banking reforms: banks set to be given until 2019 to prepare 8/9/2011 - Banking reforms in danger of being 'watered down' More Corporate Law News