article_snippet.sent: Poundland said Poundland had opened 60 new stores in the UK and Ireland and had a strong pipeline of openings for the new year.
article_snippet.sent: Meanwhile Poundland warned on Friday Poundland may walk away from Poundland planned £55 million acquisition of rival 99p Stores rather than be subject to a lengthy probe by the UK competition watchdog.
article_snippet.sent: Britain's Competition and Markets Authority (CMA) said last week the agreed deal could result in a substantial lessening of competition and would be subject to a further investigation in the absense of undertakings, such as selling some stores.
article_snippet.sent: Britain's Competition and Markets Authority (CMA) said in a statement: 'Poundland has decided not to offer remedies to Britain's Competition and Markets Authority (CMA)', adding Britain's Competition and Markets Authority (CMA) had written to the regulator to request a Phase II review be suspended for three weeks.