Brief: Cochlear Disagrees With CMA's Findings On Proposed Oticon Medical Acquisition

Cochlear

20/04/2023 09:45

April 20 (Reuters) - Cochlear Ltd  COH.AX :
    * PROVISIONAL FINDINGS FROM UK CMA AND UPDATE ON PROPOSED
ACQUISITION OF OTICON MEDICAL
    * CMA FOUND PROPOSED ACQUISITION OF OTICON MAY RESULT IN
LESSENING
OF COMPETITION IN SUPPLY OF BONE CONDUCTION SOLUTIONS IN UK
    * COCHLEAR DISAGREES WITH CONCLUSIONS DRAWN BY CMA IN
PROVISIONAL
FINDINGS REPORT PUBLISHED TODAY
    * CMA'S FINAL REPORT IS EXPECTED BY 5 JUNE 2023
    * TRANSACTION IS NO LONGER EXPECTED TO CLOSE BEFORE 30 JUNE
2023
    * CO AND DEMANT WILL CONTINUE TO ENGAGE CONSTRUCTIVELY WITH
CMA TO
ADDRESS CONCERNS RAISED

Source text for Eikon:  ID:nASX9J7NWP 
Further company coverage:  COH.AX 

 ((Reuters.Briefs@thomsonreuters.com;))