By Anthony O. Goriainoff

 

The U.K.'s Competition and Markets Authority said Monday that it has decided to refer Bottomline Technologies Inc.'s (EPAY) purchase of Experian Payments Gateway from Experian PLC (EXPN.LN) for a phase 2 investigation.

The CMA said Bottomline had until Oct. 14 to offer solutions to resolve the its competition concerns. The competition watchdog said it carefully considered Bottomline's undertakings but it doesn't believe these would achieve as comprehensive a solution as is reasonable and practicable to address the substantial lessening of competition identified by the authority.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

(END) Dow Jones Newswires

October 21, 2019 06:55 ET (10:55 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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