PPRuNe Forums - View Single Post - CHC LLC purchases Babcock
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Old 1st Jul 2021, 08:33
  #206 (permalink)  
212man
 
Join Date: Oct 1999
Location: Den Haag
Age: 57
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Management of the CHC business and Babcock Offshore business until determination of proceedings
5. Except with the prior written consent of the CMA, CHC, EHOB, CHC UK and Babcock Offshore shall not, during the specified period, take any action which might prejudice a reference of the transaction under section 22 or 33 of the Act or impede the taking of any action under the Act by the CMA which may be justified by the CMA’s decisions on such a reference, including any action which might:
(a) lead to the integration of the Babcock Offshore business with the CHC business;
(b) transfer the ownership or control of the Babcock Offshore business or the CHC business or any of their subsidiaries;

or (c) otherwise impair the ability of the Babcock Offshore business or the CHC business to compete independently in any of the markets affected by the transaction.
Seems pretty clear - it's being held up pending the CMA proceedings
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