Brief: UK's CMA Says Proposed Undertakings Offered By Mcgraw-Hill/Cengage Are Not A Clear-Cut Solution To Competition Concerns
24/03/2020 16:06
March 24 (Reuters) - Cengage Learning Holdings II Inc
CNGO.PK :
* UK'S CMA - PROPOSED UNDERTAKINGS OFFERED BY
MCGRAW-HILL/CENGAGE
ARE NOT A CLEAR-CUT SOLUTION TO COMPETITION CONCERNS IDENTIFIED
AS ARISING FROM MERGER
* CMA - DECIDED TO REFER MCGRAW-HILL/CENGAGE MERGER TO ITS
CHAIR
FOR CONSTITUTION OF A GROUP TO CONDUCT PHASE 2 INVESTIGATION
Source text for Eikon: ID:nRSX3672Ha
Further company coverage: CNGO.PK
((Reuters.Briefs@thomsonreuters.com;))
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Moody's says that termination of McGraw-Hill and Cengage Merger Agreement has no immediate impact on the companies' credit ratings