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Watchdog raises red flag over DS Smith's sale of assets to rival

LONDON (From news reports) -- Food and drinks suppliers could get a worse deal on their packaging if DS Smith sells part of its business to Liqui-Box, the competition watchdog has found.

US-based Liqui-Box is trying to buy the FTSE 100 firm's rigid and flexible packaging business for an enterprise value of $585m (£468m) under a deal announced in March.

The Competition and Markets Authority (CMA) said on Friday it was concerned that the deal could lead to less choice for customers and higher prices, especially as there are very few large suppliers in the UK market. The regulator said a reduction in competition could lead to lower quality products or poorer service.


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Employers are on board with Onlypulpandpaperjobs.com. There are nearly forty employers located in fifteen different US states and six other countries. [06.19.19]


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