Reuters logo
BRIEF-Fox response to statement by UK's Secretary Of State for DCMS
September 12, 2017 / 4:18 PM / in a month

BRIEF-Fox response to statement by UK's Secretary Of State for DCMS

Sept 12 (Reuters) - Twenty-first Century Fox Inc:

* TWENTY-FIRST CENTURY FOX - RESPONSE TO STATEMENT BY UK‘S SECRETARY OF STATE FOR DIGITAL, CULTURE, MEDIA AND SPORT IN RESPECT OF 21ST CENTURY FOX‘S CASH OFFER FOR SKY PLC

* TWENTY-FIRST CENTURY FOX - NOTES TODAY‘S STATEMENT BY SECRETARY OF STATE FOR DCMS THAT SHE STILL INTENDS TO REFER 21CF‘S PROPOSED ACQUISITION OF SKY TO CMA FOR FURTHER REVIEW

* DISAPPOINTED THAT SECRETARY OF STATE HAS CHOSEN NOT TO FOLLOW UNEQUIVOCAL ADVICE OF INDEPENDENT REGULATOR OFCOM

* HAS ENGAGED WITH REGULATORY PROCESS RELATING TO THIS TRANSACTION SINCE OUTSET AND WILL CONTINUE TO DO SO

* “SURPRISED THAT AFTER INDEPENDENT REGULATORY SCRUTINY AND ADVICE, AND OVER FOUR MONTHS TO EXAMINE CASE, SECRETARY OF STATE IS STILL UNABLE TO FORM AN OPINION”

* “URGE SECRETARY OF STATE TO TAKE A FINAL DECISION QUICKLY”

* “LOOK FORWARD TO ENGAGING WITH CMA ON THEIR IN-DEPTH REVIEW AS SOON AS POSSIBLE”

* ANTICIPATE THAT TRANSACTION WILL CLOSE BY JUNE 30, 2018 Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below