Thomson Reuters (Professional) Australia Limited - proposed acquisition of Ernst & Young's tax compliance software products

Type of assessment

Informal Review

Reference

38060

Acquirer(s)

Thomson Reuters (Professional) Australia Limited

Target(s)

Ernst & Young Information Systems Pty Ltd

Industry

Tax compliance software products

Outcome of assessment

Opposed

Total review days *

Commenced public review

6^th July 2009

Date completed

14^th October 2009

Market definition

Please refer to Public Competition Assessment.

Competition analysis

Please refer to Public Competition Assessment.

Public competition assessment

Statement of issues

Review timeline

Date	Event
6^th July 2009	ACCC commenced review under the Merger Review Process Guidelines.
27^th July 2009	Closing date for submissions from interested parties.
19^th August 2009	ACCC published a Statement of Issues outlining preliminary competition concerns.
27^th August 2009	ACCC requested further information from merger parties. ACCC timeline suspended.
1^st September 2009	Former proposed date of 23 September 2009 for announcement of ACCC's findings, amended to allow the merger parties to provide further information.
10^th September 2009	Closing date for submissions relating to Statement of Issues.
24^th September 2009	ACCC received further information from the merger parties. ACCC timeline recommenced.
5^th October 2009	Former proposed date of 7 October 2009 for announcement of ACCC's findings amended in response to a request by Thomson Reuters to allow it additional time to provide further information to the ACCC. ACCC timeline suspended pending receipt of this information.
8^th October 2009	ACCC received further information from Thomson Reuters. ACCC timeline recommenced.
14^th October 2009	ACCC announced it would oppose the proposed acquisition.

* Total Review days = Total business days less public holidays and time during which the review was suspended.

About public registers

Notify me...