• Further to the CMA announcement of 12th June when ‘further undertakings’ were required for approval, otherwise the proposed sale would move across to a Phase 2 review and an additional 24 weeks consideration. Today, the CMA have declared that Muller has indeed supplied undertakings for consideration. The CMA will now take until 21 August to review these proposals, with a further contingent 40 business days (until October) if necessary. Today’s announcement therefore could see the transaction completed this year. To see the full text of the CMA review click on the link.