Target(s)
- Pfizer Nutrition
Summary
Nestle proposed to acquire Pfizer Nutrition, a global infant nutrition business, from Pfizer Inc.Market definition
Please refer to the attached Public Competition Assessment.Competition analysis
Please refer to the attached Public Competition Assessment.Undertakings
Variation to Nestle Undertaking - on 17 April 2013, the ACCC consented to a variation to the Nestle section 87B Undertaking. The purpose of the Variation was to: (a) incorporate ring fencing measures in relation to information obtained by Nestle relating to a licence agreement Nestle would enter into with the Approved Purchaser; and (b) require Nestle to take all steps to ensure that any licence agreement entered pursuant to clause 5.4(b)(i) of the Nestle Undertaking does not terminate as a result of a breach of that licence agreement by Nestle, and to include a procedure for approval by the ACCC.Public competition assessment
Undertakings
Timeline
Date | Event |
---|---|
24/05/2012 | ACCC commenced review under the Merger Review Process Guidelines. |
14/06/2012 | Closing date for submissions from interested parties. |
05/07/2012 | ACCC requested further information from the merger parties. ACCC timeline suspended. Former proposed decision date for announcement of ACCC's findings of 12 July 2012 delayed pending receipt of information requested. |
13/08/2012 | ACCC received further information from the merger parties following ACCC's request for information on 5 July 2012. ACCC timeline recommenced. |
22/08/2012 | ACCC timeline suspended at the request of Nestle to allow it to provide further information. Former proposed decision date of 23 August 2012 delayed. |
31/08/2012 | ACCC published a Statement of Issues outlining preliminary competition concerns. |
14/09/2012 | Closing date for submissions relating to Statement of Issues. |
11/10/2012 | ACCC timeline suspended to allow Nestle and the ACCC to continue negotiations on a draft s87B undertaking. Former proposed decision date of 11 October 2012 delayed. |
12/10/2012 | Draft s87B undertakings proffered by Nestle. ACCC commenced market inquiries. |
17/10/2012 | Closing date for submissions on the draft s87B undertaking from interested parties. |
24/10/2012 | ACCC timeline suspended at the request of Nestle to allow it to provide further information. Former proposed decision date of 25 October 2012 delayed. |
16/11/2012 | ACCC timeline recommenced. |
22/11/2012 | 87B undertaking accepted by ACCC. |
22/11/2012 | ACCC announced it would not oppose the proposed acquisition. |