Britain's competition regulator said on Monday it might green light Topps Tiles' 9-million-pound ($11.3 million) acquisition of CTD Tiles, if the proposed remedies are found sufficient.
Topps Tiles PLC shares gained on Monday after the retailer's £9 million acquisition of stores from rival CTD Tiles largely cleared regulatory hurdles. Britain's Competition and Markets Authority (CMA) ruled the deal did not raise any concerns in 26 of the 30 locations where it would purchase stores, Topps flagged in an update.