Whitby Seafoods Ltd Scraps Merger Plans After Price Hike Warning
October 17, 2023 | 1 min to read
A scampi firm has scrapped its merger plans after a regulator indicated it could result in higher prices for consumers. Whitby Seafoods Ltd announced the abandonment of its acquisition of Kilhorne Bay Seafoods, following a referral from the Competition and Markets Authority (CMA) for a “phase-two investigation” due to concerns over price and quality.
A scampi firm has abandoned merger plans after a regulator warned it could lead to a price hike for customers.
Whitby Seafoods Ltd said it would no longer proceed with its proposed acquisition of Kilhorne Bay Seafoods.
It comes after the Competition and Markets Authority (CMA) referred the deal for a “phase-two investigation”, citing price and quality concerns.
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