March 20 (Reuters) - The UK's anti-trust regulator said on Monday that hearing device maker Cochlear (COH) and Copenhagen-based Demant DEMANT.CO had denied that the Australian firm's purchase of Demant's hearing implants business would lead to any competition concerns.
The Competition and Markets Authority (CMA) said in a statement that both Demant and Cochlear contested the regulator's Phase 1 findings that other hearing solutions are not good alternatives for bone conduction implants.
The CMA has set a June 5 deadline for its in-depth phase 2 probe into Cochlear's purchase of Demant's Oticon Medical business.
News: COH Cochlear, Demant contest UK regulator's Oticon deal concerns
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