News: COH UK competition watchdog blocks Cochlear/Demant deal

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    June 22 (Reuters) - Cochlear Ltd (COH) :

    • UK'S COMPETITION AND MARKETS AUTHORITY SAYS PARTIALLY PREVENTS SALE OF HEARING IMPLANT BUSINESS AFTER CONCLUDING PATIENTS POTENTIALLY WORSE OFF
    • UK'S COMPETITION AND MARKETS AUTHORITY SAYS PROPOSED MERGER OF COCHLEAR LIMITED (COCHLEAR) AND OTICON MEDICAL, HEARING IMPLANTS DIVISION OF DEMANT A/S (DEMANT), WAS REFERRED FOR AN IN-DEPTH PHASE 2 INVESTIGATION
    • UK'S COMPETITION AND MARKETS AUTHORITY SAYS FINAL REPORT ON MERGER CONCLUDED THAT A DEAL WOULD ELIMINATE A MAJOR BCS COMPETITOR FROM MARKET, LEAVING MERGED BUSINESSES HOLDING A MARKET SHARE OF MORE THAN 90 PER CENT.
    • UK'S COMPETITION AND MARKETS AUTHORITY SAYS DEMANT WILL INSTEAD RETAIN ITS BCS BUSINESS, WHICH IT WILL CONTINUE TO RUN IN COMPETITION WITH COCHLEAR.
 
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