Acquirer(s)

  • Rheem Australia Pty Ltd

Target(s)

  • Dux Manufacturing Ltd

Statement of issues

Timeline

Date Event

ACCC commenced review under the Merger Process Guidelines.

Closing date for submissions from interested parties. ACCC assessing information provided during market inquiries and consulting with merger parties on any relevant issues or concerns arising.

Former proposed decision date of 16 October delayed by a day.

ACCC published a Statement of Issues outlining preliminary competition concerns.

Closing date for submissions relating to Statement of Issues.

At the request of the parties, the ACCC's review of the proposed acquisition was suspended.

The ACCC concluded its review of the proposed acquisition in light of another party entering into a binding agreement to buy the assets.