Last checked at 
LONDON (Alliance News) - Hill & Smith Holdings PLC Thursday said its acquisition of W Corbett & Co (Galvanizing) Ltd may be referred to a more in-depth phase II investigation by the UK Competition and Markets Authority unless "suitable undertakings are given."
The infrastructure products and galvanising services company said it is considering the CMA's announcement, together with the full detail behind it, and will make a further announcement in due course.
In their statement in relation to its phase I review of the acquisition the CMA said the acquisition "may be expected to result in a substantial lessening of competition" within a market or markets of the UK.
Shares in Hill & Smith are trading up 0.5% at 683.50 pence Thursday afternoon.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
