Onex Corporation - proposed acquisition of Eastman Kodak Company's Health Group

Acquirer(s)

  • Onex Corporation

Target(s)

  • Eastman Kodak Company's Health Group

Summary

Onex Corporation - proposed acquisition of Eastman Kodak Company's Health Group

Market definition

It appears that the merger parties provide a broad range of products and services used in the healthcare industry. However, there does not appear to be any horizontal overlaps or vertical links between the merger parties' operations in Australia.

Competition analysis

On 21 February 2007, the ACCC decided not to oppose the proposed acquisition of Eastman Kodak Company's Health Group by Onex Corporation.

It appears that there is a lack of competitive overlap between the acquirer and target parties' products and services in Australia.

Accordingly, the ACCC formed the view that the proposed acquisition was unlikely to result in a substantial lessening of competition.

Timeline

DateEvent
12/02/2007ACCC commences review under the Merger Review Process Guidelines. Informal review commences.
19/02/2007Closing date for submissions from interested parties.
28/02/2007Proposed date for announcement of ACCC's findings.