Snacks are very busy introducing Yanjin Shop and Miss You 1.05 billion yuan of funds, but they are mired in merger and violation disputes
Recently, snacks are very busy and successfully attracted the two major snack companies of Yanjin Shop and Miss You, with a capital injection of 1.05 billion yuan. However, under this financial feast lies a merger controversy that may touch the bottom line of the law. A month ago, Snacks was busy announcing a merger with Zhao Yiming Snacks, but the market questioned that the merging party had not gone through the declaration of business concentration, which may have violated anti-monopoly regulations.
In the latest announcement, the company pointed out that Snacks is very busy and is actively preparing to submit relevant documents and materials to the anti-monopoly law enforcement agencies, but this action has not been substantially advanced a month after the announcement of the merger, which has caused concern in the industry. Antitrust professionals have pointed out that if the merger is completed and the merger is declared, it may face legal liability.
Imagine that your company holds only 6.64% of the shares of Snack Busy, and has no control over it. Although the investment was stated as not constituting a merger of operators and would not have a decisive impact on Snack Busy, the merger of Snack Busy and Zhao Yiming Snack will still directly affect the investment price. The reversal or invalidity of the merger will result in a corresponding price adjustment, leaving investors in uncertainty.
It is worth noting that Snacks is very busy and has hired a professional team of lawyers to prepare for the relevant work of the declaration of concentration of undertakings. However, experts caution that if the declaration is too late, it may be regarded as a violation of the anti-monopoly law, face legal liability, and even trigger investigation, punishment and legal action by the anti-monopoly law enforcement authorities.
In the midst of this high-profile merger controversy, the capital game in the snack industry doesn't seem to be as rosy as it seems. Whether Snack is busy and can properly handle legal risks and successfully complete the merger has become the focus of close attention in the industry and investors.