What is an outcome of Phase 2 of the CMA's investigation?

Phase 2 of the Competition and Markets Authority (CMA) investigation is primarily focused on conducting an in-depth analysis of the market concerned to assess the competitive implications of a merger or acquisition more thoroughly. This phase is triggered when the CMA has determined in Phase 1 that the merger could potentially reduce competition in a way that warrants further investigation.

During Phase 2, the CMA gathers extensive information, which may include detailed economic analysis, consultations with various stakeholders, and assessment of the potential effects on market dynamics and consumer choice. This comprehensive approach allows the CMA to examine the implications in greater detail, which is essential for making informed decisions on whether to allow the merger, impose remedies, or block it altogether.

The other options relate to different aspects or outcomes that do not specifically encapsulate the essence of Phase 2. Finalization of proceedings typically refers to concluding the investigation rather than the detailed review process itself. Public feedback collection can occur, but it is not the primary focus of Phase 2. Issuing press releases may be part of the communication strategy, but they are not outcomes that directly stem from the detailed market review process, which is the hallmark of Phase 2 investigations.