Mergers

ACCC won't oppose proposed acquisition of OfficeMax by Complete Office Supplies

The ACCC will not oppose the proposed acquisition of OfficeMax Australia (OfficeMax) by Complete Office Supplies (COS).

COS and OfficeMax both supply office products to commercial and government customers in Australia.

The ACCC focussed on the supply of traditional office products, particularly stationery, to large commercial and government customers.

ACCC releases updated Media Merger Guidelines

Following recent reforms to media ownership laws, the ACCC has released its updated Media Merger Guidelines.

The revised guidelines detail the ACCC’s approach to media merger reviews and outline areas of potential focus, including the role of premium content, diversity in the Australian media landscape, and the impact technological change and innovation is having on the media industry more broadly.

ACCC won't oppose proposed Essilor and Luxottica merger

The ACCC has decided to not oppose the proposed merger between Essilor International (Essilor) and Luxottica Group S.p.A. (Luxottica).

In Australia, Essilor mainly sells wholesale finished ophthalmic lenses, used to correct visual impairments. Luxottica largely supplies wholesale prescription frames and sunglasses, including such brands as Ray-Ban, Oakley and Prada. Luxottica also has retail outlets, such as OPSM and Laubman & Pank. 

Guidance for Harper reforms

The ACCC has today issued guidelines for consultation on the new misuse of market power, concerted practices and authorisation provisions. These reforms recently passed Parliament and stem from recommendations of the Competition Policy Review

“The ACCC will soon be able to act against concerted practices that substantially lessen competition and take action when a business with a substantial degree of market power has engaged in anti-competitive conduct,” ACCC Chairman Rod Sims said.

Full Federal Court refers Tabcorp-Tatts decision back to the Tribunal

The Full Court of the Federal Court has today set aside the decision of the Australian Competition Tribunal to grant authorisation for Tabcorp Holdings Limited to acquire Tatts Group Limited, referring the decision back to the Tribunal for further consideration. 

“The ACCC is pleased that the Full Federal Court has set aside the decision, however the reasons for the decision are not yet public,” ACCC Chairman Rod Sims said.