Brief: Australia's ACCC Says Blackstone's Proposed Acquisition Of I'Rom Raises Concerns

I'rom Co

07/11/2024 24:36

Nov 7 (Reuters) - Australian Competition and Consumer
Commission:
    * BLACKSTONE’S PROPOSED ACQUISITION OF I’ROM RAISES CONCERNS
    * OUTLINED PRELIMINARY COMPETITION CONCERNS WITH PROPOSED
ACQUISITION OF I’ROM GROUP CO BY BLACKSTONE
    * ACCC IS CONCERNED THAT THE PROPOSED ACQUISITION IS LIKELY
TO
RESULT IN LOWER SERVICE QUALITY AND HIGHER PRICES FOR CUSTOMERS
    * CONCERNED PROPOSED ACQUISITION WOULD BE LIKELY TO HAVE
EFFECT OF
SUBSTANTIALLY LESSENING COMPETITION IN SUPPLY OF PHASE 1
CLINICAL TRIALS

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