OFT to finalise decision on IRESS/Avelo merger next month

In a statement on the Australian Stock Exchange, where IRESS is listed, the company said it expected the OFT's target date for completion of its review of the merger to be 18 February. The OFT accepted IRESS' original undertakings last week, which presented the firm's take on how any disruption to competition in the sector following the merger would be mitigated. IRESS said in its statement to investors: "IRESS maintains the view that the acquisition does not give rise to any substantive competition concerns and is continuing discussions with the OFT in this regard." Meanwhile, IRE...