Woolworths Limited - proposed acquisition of Officeworks and Kmart

Acquirer(s)

  • Woolworths Limited

Target(s)

  • Officeworks BusinessDirect Pty Ltd<br/> Officeworks Superstores Pty Ltd<br/> Kmart Australia Ltd

Market definition

see detailed public competition assessement below.

Competition analysis

see detailed public competition assessment below.

Timeline

DateEvent
15/06/2007ACCC commences review under the Merger Review Process Guidelines. Market inquiries commenced.
12/07/2007Timeline delayed by negotiations on confidentiality restrictions.
13/07/2007Closing date for submissions from interested parties.
31/07/2007Decision date amended from 'early September' to 'September' to allow for provision of further information by Woolworths and consideration of submissions from market participants.
05/09/2007ACCC published a Statement of Issues outlining preliminary competition concerns. Proposed date for announcement of ACCC's findings amended accordingly.
19/09/2007Closing date for submissions from interested parties.
28/09/2007Decision date amended from 3 October to 17 October 2007 due to Woolworths' delay in providing a submission in response to the Statement of Issues.
17/10/2007ACCC announced it would oppose Woolworths' proposed acquisition of Kmart plus Officeworks.