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OFT opens door to Bertrams/Dawson merger
19.07.11 | Lisa Campbell
The Office of Fair Trading will not refer the merger of Bertrams and Dawson to the Competition Commission, it said today.
Smiths News Plc, which owns book wholesaler Bertrams, announced the £20m deal to buy Dawson Holdings in early June, and referred the merger to the OFT “given the size of the transaction” for its “own comfort".
Smiths News said it was pleased with the decision and is now asking Dawson shareholders to officially agree to the sale by 3pm on 2nd August.
The merger is expected to complete in September when the 180 Rushden-based Dawson staff will begin consultations about redundancies and integrating with Bertrams’ staff at its headquarters in Norwich.