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Britain's competition watchdog investigates Liqui-Box deal for DS Smith unit

Britain's competition watchdog investigates Liqui-Box deal for DS Smith unit
The logo DS Smith is pictured inside the carboard box manufacturing company DS Smith Packaging Atlantique in La Chevroliere, near Nantes, France, April 25, 2019. REUTERS/Stephane Mahe Copyright STEPHANE MAHE(Reuters)
Copyright STEPHANE MAHE(Reuters)
By Reuters
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(Reuters) - Britain's competition watchdog said on Friday it was investigating if U.S.-based Liqui-Box's planned takeover of DS Smith Plc's ‍flexible and rigid plastic business could hurt market competition.

The deal, which was announced in March, values the London-listed company's plastic packaging unit at up to $585 million.

(Reporting by Samantha Machado in Bengaluru; Editing by Arun Koyyur)

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