Dye & Durham to sell recently acquired TM Group on order of U.K. markets authority

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Dye \u0026amp\u003B Durham Ltd. to sell TM Group business after the U.K.\u0027s competition regulator took issue with the 2021 acquisition. Read on.

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However, the United Kingdom’s Competition and Markets Authority reviewed the deal and ordered the sale of the software company’s acquisition after it found it would “substantially” lessen competition in property search reports in England and Wales. Dye & Durham says the deal is expected to close in August and has received approval from the Competition and Markets Authority. It says it plans to use the net proceeds it receives at closing to reduce debt.

 

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