Latest news with #CompetitionAndMarketsAuthority
Yahoo
10 hours ago
- Business
- Yahoo
Boeing's $8.3B Power Move Just Got the Green Light -- Here's What Happens Next
Boeing (NYSE:BA) just cleared a key runway. The UK's Competition and Markets Authority has signed off on Boeing's $4.7 billion all-stock buyout of Spirit AeroSystems (NYSE:SPR), ending its initial review without escalating to a deeper investigation. No detailed reasoning was published, but the decision removes a major regulatory overhang and keeps Boeing's Q4 2025 deal timeline intact. Spirit confirmed Friday that progress is still on track. Boeing has yet to comment. Warning! GuruFocus has detected 6 Warning Signs with BA. The transaction, first announced last July, values Spirit at $37.25 per share and $8.3 billion including debt. But this isn't just another M&A headlineit's a strategic reunion. Spirit was spun off from Boeing two decades ago in a cost-cutting move. Now, the supplier responsible for key components of the 737 and 787 Dreamliner could be coming home. This carve-up could help regulators stay comfortable and keep competitive tensions in check. One important caveat: Airbus SE (EADSY), Boeing's biggest competitor, will be taking over the Spirit operations tied to Airbus jets. This carve-up could help regulators stay comfortable and keep competitive tensions in check. For now, the market will be watching closely. The outcome could reshape how Boeing manages its supply chainagainand possibly define the next phase of its turnaround. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
UK competition regulator clears Boeing and Spirit AeroSystems merger
(Reuters) -Britain's competition regulator said on Friday it had cleared Boeing's planned acquisition of Spirit AeroSystems after deciding against an in-depth investigation into whether the deal would be anti-competitive. The UK's Competition and Markets Authority did not provide details in its initial statement, which said the probe would not go to a so-called "phase 2". The full text of its decision would be published shortly, it said. The watchdog had started its initial investigation in June and had a deadline of August 28 for a decision. Boeing and Spirit did not immediately respond to Reuters' requests for comment. The planemaker had agreed to buy back Spirit AeroSystems for $4.7 billion in stock last year, marking an end to a near-two-decade independence of the world's largest standalone aerostructures company. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Skift
3 days ago
- Business
- Skift
UK Watchdog Ends Probe Into American Airlines and IAG Transatlantic Deal
The U.K. had opened an investigation into the transatlantic deal in 2018 due to concerns that the agreement could harm competition on routes from London to several U.S. cities. The U.K.'s antitrust authority has approved a modified agreement among a group of airlines, including American Airlines and British Airways, following a investigation into competition on several transatlantic routes. The Competition and Markets Authority said Wednesday that it had accepted commi
Reuters
3 days ago
- Business
- Reuters
UK watchdog clears Omnicom's $13.25 billion deal to buy Interpublic
Aug 6 (Reuters) - Britain's competition regulator said on Wednesday it would not refer the merger between Omnicom (OMC.N), opens new tab and Interpublic (IPG.N), opens new tab to an in-depth phase 2 probe, clearing the way for the creation of the world's largest advertising and marketing agency. Omnicom struck the $13.25 billion all-stock deal for rival Interpublic in December last year. The deal is expected to close in the second half of 2025. The Competition and Markets Authority launched, opens new tab its initial probe into the merger in June to assess if the deal could lead to a reduction in competition in the UK market. The deal was cleared by the U.S. FTC in late June on the condition that the new company does not enter agreements with others to steer ad dollars towards or away from publishers based on political content. Omnicom and Interpublic did not immediately respond to requests for comment.
Bloomberg
31-07-2025
- Business
- Bloomberg
Amazon, Microsoft Must Face Tougher UK Antitrust Probe, CMA Says
Microsoft Corp. and an Amazon Inc. unit's dominance in the cloud services market must face an antitrust investigation under the UK's new rules for digital markets, the country's watchdog said after 21 month-long investigation. The Competition and Markets Authority said that concerns over market dominance and lack of consumer choice at Microsoft and Amazon Web Services Inc. should be investigated under its Strategic Market Status rules.
