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The Office of Fair Trading said Diageo's Bell's whisky competes with Whyte & Mackay's own-label and branded whisky and that its acquisition of the United Spirits stake could lead to "a substantial lessening" in competition.
The commission said one effective remedy to the "substantial lessening of competition" would be to sell the entire 29.8% stake.
If these incentives are reflected in firm behavior, they would imply a substantial lessening of competition among publicly-traded firms.
The CMA has concluded that the merger may not be expected to result in a substantial lessening of competition.
The OFT referred the proposed deal to the Competition Commission for further investigation, arguing that there was a "realistic prospect of a substantial lessening of competition".
Simon Polito, who chaired the competition commission inquiry, said it had "confirmed our provisional view that Ryanair's minority shareholding has resulted, or may be expected to result, in a substantial lessening of competition between the airlines".
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We think it unlikely that significantly more inadequately supported papers will be published under re-review opt-out than under the more usual system; and it will have the substantial advantage of lessening the burden on a limited pool of referees.
But I think even in Q1, I think we can be approximately flat in cash flow by end of quarter". This is one indication that the need to raise at least substantial capital has lessened.
A provider from Rwanda remarked favorably that workload is sometimes substantial but would lessen with the introduction of an LAI: Work will decrease because the frequency of clients will also decrease … we will do our work better because sometimes it happens that we don't do our work like we should because of the pressure of a line of people waiting outside the door.
"While investing in postsecondary education continues to yield, on average, positive and substantial returns, burdensome student loan debt levels may be lessening these benefits". ease the burden of student loan payments, such as through income-driven repayment.
The data presented in this study significantly increases our knowledge of M. catarrhalis biology and these data could be instrumental in the development of novel antimicrobial treatments designed to lessen the substantial individual, social and economic burdens of COPD and OM.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com