Reuters: Mergers News: EU regulators prepare objections to Universal/EMI bid -source

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

EU regulators prepare objections to Universal/EMI bid -source Jun 8th 2012, 08:38 ST GALLEN, Switzerland, June 8 | Fri Jun 8, 2012 4:38am EDT ST GALLEN, Switzerland, June 8 (Reuters) - EU regulators are preparing a list of concerns about Universal Music's plan to buy the recorded music division of EMI, a senior EU Commission official said on Friday, putting pressure on Universal to offer concessions to get the deal cleared. EU antitrust officials will formally lay out their concerns in a charge sheet known as a "statement of objections". "The next step is a statement of objections. We are now preparing a statement of objections," the official told reporters. He declined to be identified because of the sensitivity of the matter. Commission regulators have been conducting a full-scale investigation into the bid by Universal, which is owned by Vivendi, citing concerns about the combined group's potential high market share and increased market power. The regulators have asked rivals and consumer groups if the Universal deal would result in higher prices and also shut out competitors.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions