The Australian Competition and Consumer Commission will oppose the proposed acquisition of Wattyl...
Issued: 6th July 2006 Release # MR 150/06
Review timeline
Date
Event
13th February 2006
ACCC commenced review under its Merger Review Process Guidelines. Market inquiries commence.
6th March 2006
Closing date for submissions from interested parties.
6th March 2006
Barloworld advised ACCC that it intends to make a further submission addressing likely competition effects of proposed acquisition.
6th March 2006
ACCC timeline suspended pending receipt of documents requested from Barloworld 27 February 2006.
8th March 2006
ACCC received Barloworld's further submission.
10th March 2006
ACCC received Barloworld's response to ACCC request dated 27 February 2006. ACCC timeline recommenced.
15th March 2006
ACCC invited Barloworld to provide any further information addressing competition issues.
23rd March 2006
ACCC published a Statement of Issues outlining its preliminary competition concerns.
7th April 2006
Closing date for submissions from interested parties responding to the ACCC's Statement of Issues.
7th April 2006
ACCC received Barloworld's response to the ACCC's Statement of Issues.
12th April 2006
ACCC received further submission from Barloworld.
13th April 2006
ACCC requested further information in response to Barloworld's submission of 12 April 2006.
18th April 2006
ACCC received further submission from Barloworld.
19th April 2006
ACCC requested further information in response to Barloworld's submission of 18 April 2006.
26th April 2006
ACCC received Barloworld's response to ACCC request dated 13 April 2006.
27th April 2006
ACCC received Barloworld's response to ACCC request dated 19 April 2006.
27th April 2006
Submission received by ACCC from Barloworld 26 April 2006. ACCC's indicative timeline suspended pending any request by Barloworld for new market inquiries by ACCC. ACCC's indicative decision date regarding proposed acquisition to be updated as soon as possible.
4th May 2006
ACCC formally sought information and documents from industry participants.
16th May 2006
Barloworld submitted s.87B Undertaking relating to its divestiture proposal for market inquiries by ACCC, and ACCC commenced market inquiries on Barloworld's proposed divestiture of certain Bristol assets. ACCC's indicative timeline recommenced.
30th May 2006
Closing date for submissions from interested parties regarding Barloworld's proposed divestiture of certain Bristol assets.
7th June 2006
ACCC's indicative timeline suspended pending receipt by ACCC of a submission from Barloworld. ACCC's indicative decision date regarding proposed acquisition to be updated as soon as possible.
13th June 2006
Barloworld provided a submission to the ACCC and requested the ACCC's response.
21st June 2006
ACCC responded to Barloworld regarding its submission dated 13 June 2006. ACCC's indicative timeline recommenced.
6th July 2006
ACCC announced that it would oppose the proposed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
