(RTTNews) - Friday, the UK's Competition and Markets Authority has announced a probe into the anticipated acquisition by BlackRock, Inc. of Preqin Ltd.
The regulator will determine whether the acquisition will result in the creation of a relevant merger situation under the Enterprise Act 2002. The Authority will also see if there will be a substantial reduction in competition.
As part of the investigation, the agency has issued a preliminary 'invitation to comment' to allow the interested parties to submit their views about the effects of this transaction on competition in the UK.
Currently, BlackRock's stock is trading at $1,058.33, down 0.05 percent on the New York Stock Exchange.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
