Target(s)
- Link Administration Holdings
Summary
Dye & Durham (D&D) proposes to acquire, through a subsidiary, Link Administration Holdings (Link). Link owns a 43% stake in PEXA Group Limited (PEXA).
D&D provides information search and broking services Australia-wide and jurisdiction specific conveyancing software solutions and lodgement services. Link provides outsourced administration services for superannuation funds and corporate markets, and other related services. PEXA operates an Electronic Lodgement Network.
Market inquiries
The ACCC has published a Statement of Issues outlining preliminary concerns in relation to the proposed acquisition.
The ACCC invites submissions on its Statement of Issues by Thursday, 7 July 2022. Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au with the title “Submission re Statement of Issues: D&D acquisition of Link – attention Annabel Garrard / Nicholas Wellfare”.
Following 7 July 2022, please address queries regarding the ACCC's review to Annabel Garrard/Nicholas Wellfare at mergers@accc.gov.au.
For more details, please refer to the Statement of Issues below.
Market inquiries
Statement of issues
Timeline
| Date | Event |
|---|---|
| 01/03/2022 | ACCC commenced informal review under the Informal Merger Review Process Guidelines. |
| 15/03/2022 | Closing date for submissions. |
| 10/05/2022 | Timeline suspended pending receipt of further information and to allow the ACCC time to consider the information before it. Former provisional date for announcement of findings (26 May 2022) is delayed. The ACCC will announce a new provisional decision date in due course. |
| 19/05/2022 | ACCC received further information. Timeline recommenced. |
| 03/06/2022 | Former provisional date for announcement of findings (9 June 2022) delayed to allow parties time to provide additional information. New provisional date for announcement of findings is 16 June 2022. |
| 16/06/2022 | ACCC published a Statement of Issues outlining preliminary competition concerns. |
| 07/07/2022 | Closing date for submissions relating to Statement of Issues. |
| 08/09/2022 | Proposed date for announcement of ACCC’s findings. |
Project staff
- Annabel Garrard
- Nicholas Wellfare