M/19/016 - Cognizant/Zenith [2019] IECompA m19016 (18 July 2019)
The proposed acquisition does not raise competition concerns and is cleared under Phase 1 review.
- Parties
- Acquirer: Cognizant Technology Solutions Corporation; Target: Zenith Technologies Limited
- Jurisdiction
- Ireland
- Judgment Date
- 18 July 2019
- Procedural Posture
- Merger Notification / Phase 1 Clearance
- Outcome
- Cleared
- Legal Topics
- Merger Control, Acquisition Clearance
Case Brief
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Parties
Cognizant Technology Solutions Corporation
Acquirer
Zenith Technologies Limited
Target
Procedural Posture
Merger Notification / Phase 1 Clearance
Legal Issues
- 1 Whether the proposed acquisition would substantially lessen competition in the relevant market
Ratio Decidendi
The proposed acquisition does not raise competition concerns and is cleared under Phase 1 review.
Court Disposition
Cleared
Orders
- The proposed acquisition by Cognizant Technology Solutions Corporation of Zenith Technologies Limited is cleared.
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