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The section 87B undertaking was offered by Patrick Corporation Limited (Patrick) in connection with its proposed acquisition of FCL Interstate Transport Services (FCL). The undertaking is designed to ensure that Patrick is required to divest FCL in the event that the other s87B undertaking given by Patrick in connection with the acquisition of FCL were to be successfully challenged.
The section 87B undertaking was offered by Patrick Corporation Limited (Patrick) in connection with its proposed acquisition of FCL Interstate Transport Services (FCL) in order to alleviate competition concerns identified by the ACCC under section 50 of the TPA.