The UK's Competition and Markets Authority (CMA) has initiated an investigation into Barratt Developments' proposed acquisition of Redrow, valued at £2.5 billion ($3 billion). This move by the CMA is to assess whether the merger between the two prominent housebuilders could significantly lessen competition within the market. Various news outlets, including BusinessDesk, Reuters, and Financial Times, have reported on the watchdog's scrutiny of the deal, highlighting its potential impact on the housebuilding sector.
UK competition watchdog to probe Barratt’s £2.5bn Redrow acquisition https://t.co/lwSDfQvdKG
Watchdog probes Barratt's £2.5bn Redrow housebuilding takeover https://t.co/Glu3wHFRzT https://t.co/ihqSkat1is
UK competition watchdog to investigate Barratt’s proposed £2.5bn Redrow acquisition – business live https://t.co/oLfN2Ng4YT