Target(s)
- Reckon Limited's Accountants Group
Summary
MYOB proposes to acquire the Accountants Group from Reckon Limited. The proposed acquisition includes three Reckon businesses:- Reckon APS
- Reckon Elite
- Reckon Docs
The transaction includes all associated clients, IP, systems and employees for these businesses.
Statement of issues
Timeline
| Date | Event |
|---|---|
| 12/01/2018 | ACCC commenced review under the Merger Process Guidelines. |
| 14/02/2018 | Closing date for submissions from interested parties. |
| 07/03/2018 | Former provisional date for announcement of findings (22 March) delayed to allow MYOB more time to provide additional information. |
| 16/03/2018 | ACCC received further information from MYOB. |
| 29/03/2018 | ACCC published a Statement of Issues outlining preliminary competition concerns. |
| 09/04/2018 | On or around 9 April, the ACCC requested further information from certain industry participants, MYOB and Reckon. |
| 13/04/2018 | Closing date for submissions relating to Statement of Issues. |
| 19/04/2018 | ACCC is waiting on information requested on or around 9 April. Former proposed date for announcement of findings (30th May) is delayed. |
| 09/05/2018 | ACCC received the majority of information requested on or around 9 April. |
| 31/05/2018 | ACCC has discontinued this review after MYOB announced that the acquisition will not proceed. |