The Australian Competition and Consumer Commission today announced that it intends to oppose the ...
Issued: 24th March 2010 Release # NR 052/10
Review timeline
Date
Event
22nd December 2009
ACCC commenced review under the Merger Review Process Guidelines.
13th January 2010
Closing date for submissions from interested parties.
27th January 2010
Former proposed date for announcement of ACCC's findings. Decision delayed to allow the ACCC to conduct further inquiries.
2nd February 2010
ACCC published a Statement of Issues outlining preliminary competition concerns.
16th February 2010
ACCC requested information from the merger parties. ACCC timeline suspended.
18th February 2010
ACCC requested further information from the merger parties.
19th February 2010
Closing date for submissions relating to Statement of Issues.
24th February 2010
ACCC received further information from the merger parties in response to the ACCC's request of 16 February 2010. ACCC timeline remains suspended, pending receipt of the merger parties' response to the ACCC's information request of 18 February 2010.
26th February 2010
ACCC received further information from the merger parties, in response to the ACCC's request of 18 February 2010. ACCC timeline recommenced.
10th March 2010
Former proposed date for announcement of ACCC's findings of 12 March 2010, amended to allow the ACCC to conduct further inquiries.
24th March 2010
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.
