{"id":63711,"date":"2015-11-04T15:46:05","date_gmt":"2015-11-04T15:46:05","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=2ce4711bcd172215a003b3b1f903e269"},"modified":"2015-11-04T15:46:05","modified_gmt":"2015-11-04T15:46:05","slug":"news-story-cma-accepts-k-y-undertakings","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=63711","title":{"rendered":"News story: CMA accepts K-Y undertakings"},"content":{"rendered":"<div class=\"govspeak\">\n<p>Reckitt Benckiser and Johnson &amp; Johnson (<abbr title=\"Johnson &amp; Johnson\">J&amp;J<\/abbr>) supply personal lubricants to a number of retailers under the Durex and K-Y brands respectively, and Reckitt Benckiser agreed to purchase the K-Y business from <abbr title=\"Johnson &amp; Johnson\">J&amp;J<\/abbr> in March 2014.<\/p>\n<p>In its <a href=\"https:\/\/www.gov.uk\/government\/news\/cma-orders-remedy-to-meet-concern-over-lubricants-merger\">final report<\/a>, the Competition and Markets Authority (<abbr title=\"Competition and Markets Authority\">CMA<\/abbr>) concluded that the merger may be expected to result in a substantial lessening of competition and higher prices.<\/p>\n<p>To remedy that concern, the <abbr title=\"Competition and Markets Authority\">CMA<\/abbr> concluded that the merger should be allowed to proceed on condition that prior to completion Reckitt Benckiser agrees to license the K-Y business in the UK to a third party in line with the criteria set out in the final report. <\/p>\n<p>Reckitt Benckiser and Johnson &amp; Johnson agreed to offer the undertakings.<\/p>\n<p>All information relating to this investigation can be found on the <a href=\"https:\/\/www.gov.uk\/cma-cases\/-reckitt-benckiser-johnson-johnson\">case page<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The CMA has decided, following consultation, to accept undertakings regarding the licensing of the K-Y brand in the UK for 8 years.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/63711"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63711"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/63711\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}