Baxter International Inc - proposed acquisition of Gambro AB

Acquirer(s)

  • Baxter International Inc.

Target(s)

  • Gambro AB

Summary

Baxter International proposed to acquire Gambro AB's Australian business as part of a global acquisition of Gambro AB.

Market definition

Please refer to the attached Public Competition Assessment.

Competition analysis

Please refer to the attached Public Competition Assessment.

Public competition assessment

Document title Date

Undertakings

Timeline

DateEvent
04/03/2013ACCC commenced review under the Merger Review Process Guidelines.
22/03/2013Closing date for submissions from interested parties.
22/03/2013ACCC requested further information from the merger parties. ACCC timeline suspended. Former proposed decision date of 26 April 2013 delayed to allow provision of requested information.
08/04/2013ACCC received further information from the merger parties. ACCC timeline recommenced.
18/04/2013ACCC timeline suspended and former proposed decision date of 26 April 2013 delayed to allow the merger parties to provide additional information.
26/04/2013ACCC received further information from the merger parties. ACCC timeline recommenced.
03/05/2013ACCC timeline suspended until after the parties have had further discussions with overseas regulators.
05/07/2013ACCC commenced market inquiries in relation to draft s87B divestiture undertaking offered by Baxter. ACCC timeline recommenced.
11/07/2013Closing date for submissions from interested parties.
24/07/2013Before deciding whether to accept Baxter's proposed undertaking, the ACCC must be certain of the identity of the purchaser of the global divestiture business that will be approved by the European Commission (EC) in accordance with the EC's decision on the proposed acquisition and related Commitments which took effect on 22 July 2013. The ACCC will delay its decision on whether to accept the proposed undertaking pending the EC's expected decision of an approved purchaser. ACCC timeline suspended.
03/09/2013EC approved purchaser of the global divestiture business. ACCC timeline recommenced.
04/09/2013ACCC announced it would not oppose the proposed acquisition, subject to section 87B undertaking accepted by ACCC.