Why is Cochlear (ASX:COH) in the news today?

December 01, 2022 02:08 PM AEDT | By Khushboo Joshi

Why is Cochlear (ASX:COH) in the news today? — Image source: © Andreypopov | Megapixl.com

Key details from the ACCC and Cochlear’s statements:

Background of the proposed acquisition:

Cochlear Limited announced on 27 April 2022 that it had agreed to acquire Oticon Medical for approximately AU$170 million after Demant decided to quit its hearing implants business.

Meanwhile, the ACCC has advised a provisional final decision date of 16 March 2023 on the case.

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