The Competition & Markets Authority decision has allowed IP Group to confirm that its offer will become unconditional on November 9.
The acquisition of Touchstone Innovations, the UK-based commercialisation firm spun out from Imperial College London, by its peer IP Group has been cleared by UK regulator, Competition & Markets Authority (CMA).
CMA decided against proceeding to the more in-depth phase 2 of its investigation after the regulator had consulted on whether the tie-up would trigger merger control clauses under UK law.
IP Group has made an all-share offer worth approximately £490m ($646.6m) for Touchstone which would give Touchstone and IP…
