Did you receive a notice from UK antitrust authority about Arcelik, Whirlpool merger? Did you receive a mail about a class action settlement about UK antitrust authority launching probe into Arcelik, Whirlpool merger? This review will help you partake in the class action settlement after confirming the authenticity of the mail.
What Is UK antitrust authority launching probe into Arcelik, Whirlpool merger?
The UK’s antitrust authority has launched an investigation into the anticipated merger between Arcelik AS of Turkey and Whirlpool Corp.
The Competition and Markets Authority is assessing whether the merger will lessen competition in the UK market.
The Arcelik-Whirlpool merger is being investigated in the UK.
What Is This Class Action All About?
The UK’s antitrust authority has launched an investigation into the anticipated merger between two multinational household appliances manufacturers — Arcelik AS of Turkey and Whirlpool Corp. — as it seeks to determine whether the deal would weaken competition in Britain.
On Aug. 3, the UK Competition and Markets Authority (CMA) said it had officially launched its merger inquiry by notice to the two companies.
In January, the U.S. company Whirlpool announced it was folding its European arm of the business into the new company controlled by its former rival Arcelik, Reuters reported.
Arcelik and Whirlpool — which both make electronic goods and home appliances such as refrigerators and washing machines — have not disclosed the financial terms of the agreement.
Who Is Eligible?
This settlement affects proposed merger between Whirlpool and Arcelik.
What Is The Pay For This Settlement?
The pay for this settlement varies and the proof of purchase is not necessary.
Conclusion
Arcelik’s Netherlands subsidiary, Ardutch BV, will own 75% of the newly formed company and Whirlpool will hold the remaining 25% under the structural terms of the proposed deal.
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