Public Interest Mergers

Introduction:

"This article provides a description of the rules behind the process, how it has worked in practice and an assessment of its effectiveness. In the first part, the background to the regime is discussed and the legal framework is described. How the regime has worked in three areas is then analysed: the defence industry, banking and the media industry. Finally, the article draws some conclusions and looks at what the future might bring in terms of public interest market."