BlackRock's (BLK) proposed acquisition of Preqin is being looked into by the UK's Competition and Markets Authority, the regulator said Friday, as it launched the first phase of an inquiry into the potential transaction.
The regulator said an invitation to comment on the proposed merger and its possible antitrust implications closes on Dec. 17 and the deadline for a decision on whether to proceed to a second phase of the probe has been set for Feb. 12 next year.
BlackRock and Preqin did not immediately reply to MT Newswires' requests for comment.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.