• The CMA has referred the completed acquisition by Linergy Limited of Ulster Farm By-Products Limited for an in-depth phase 2 merger investigation.  Earlier this month, the CMA said that it would refer the merger for a phase 2 investigation unless Linergy offered acceptable undertakings to address the CMA’s competition concerns regarding the processing of animal by-products from non-fallen stock and fallen stock in Northern Ireland. As Linergy has not offered undertakings in lieu, the CMA has therefore now referred the merger.  Click here.