Rheem Australia Pty Ltd - possible acquisition of water heater assets of Dux Manufacturing Ltd

Acquirer(s)

  • Rheem Australia Pty Ltd

Target(s)

  • Dux Manufacturing Ltd

Statement of issues

Document title Date

Timeline

DateEvent
25/08/2014ACCC commenced review under the Merger Process Guidelines.
15/09/2014Closing date for submissions from interested parties. ACCC assessing information provided during market inquiries and consulting with merger parties on any relevant issues or concerns arising.
15/10/2014Former proposed decision date of 16 October delayed by a day.
17/10/2014ACCC published a Statement of Issues outlining preliminary competition concerns.
31/10/2014Closing date for submissions relating to Statement of Issues.
18/11/2014At the request of the parties, the ACCC's review of the proposed acquisition was suspended.
26/11/2014The ACCC concluded its review of the proposed acquisition in light of another party entering into a binding agreement to buy the assets.