IPH Limited - proposed acquisition of Xenith IP Group Limited

Acquirer(s)

  • IPH Limited

Target(s)

  • Xenith IP Group Limited

Summary

IPH Limited’s (ASX: IPH) proposed acquisition of Xenith IP Group Limited (ASX: XIP) and completed acquisition of a 19.9 per cent stake in Xenith.

Market inquiries

Submissions are invited from interested parties on the proposed acquisition of Xenith by IPH. The ACCC is also seeking views on IPH’s acquisition of a 19.9 per cent interest in Xenith.

 

The closing date for submissions is 15 March 2019. Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au with the title: ‘Submission re: IPH/Xenith– attention Georgia Zele/Stella Leung.’

 

Following 15 March 2019, queries regarding the ACCC’s review may be addressed to Georgia Zele/Stella Leung at mergers@accc.gov.au.

 

On 12 March 2019, IPH announced it had lodged a formal scheme proposal to acquire Xenith and requested that the ACCC cease its review of QANTM as an alternative target. For more details, please refer to the attached updated market inquiries letter.

 

 

Timeline

DateEvent
22/02/2019ACCC commenced review under the Merger Process Guidelines.
15/03/2019Closing date for submissions from interested parties.
02/05/2019Provisional date for announcement of ACCC’s findings (as outlined in the Informal Merger Review Process Guidelines, this may be a final decision or release of a Statement of Issues).

Project staff

  • Georgia Zele
  • Stella Leung

Contact email