May 24, 2019 / 12:37 PM / a month ago

Britain's competition watchdog investigates Liqui-Box deal for DS Smith unit

May 24 (Reuters) - Britain's competition watchdog said on Friday it was investigating if U.S.-based Liqui-Box's planned takeover of DS Smith Plc's ‍flexible and rigid plastic business could hurt market competition.

The deal, which was announced in March, values the London-listed company's plastic packaging unit at up to $585 million.

Reporting by Samantha Machado in Bengaluru; Editing by Arun Koyyur

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