The UK's Competition and Markets Authority (CMA) is warning that Whitby Seafood's proposed acquisition of Northern Ireland-based Kilhorne Bay Seafoods could result in higher prices and lower quality products.

Whitby Seafoods is the largest UK supplier of breaded scampi to the foodservice sector, holding a market share of close to 90 percent.

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Kilhorne Bay Seafoods, while significantly smaller than Whitby Seafoods, is the second largest supplier.