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The UK Competition and Markets Authority found in its Phase 1 investigation that Liqui-Box's proposed takeover of DS Smith's rigid and flexible packaging business could reduce competition in Bag-in-Box packaging. The parties must address the concerns or face an in-depth Phase 2 investigation.
The UK Competition & Markets Authority accepted Refresco's undertakings to sell Cott's Nelson plant, so the $1.25bn Refresco-Cott merger will not be referred for an in-depth investigation.
