Mergers

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.

ACCC calls for comment on Platinum Equity's proposed acquisition of OfficeMax

The Australian Competition and Consumer Commission has flagged initial concerns in relation to the proposed acquisition of OfficeMax Australia by Platinum Equity. Platinum Equity recently acquired the Australian and New Zealand businesses of Staples Inc.

The ACCC has today outlined its preliminary view that combining Staples and OfficeMax may substantially lessen competition in the supply of traditional office products such as stationery, notebooks, and copy paper to large commercial and government customers in Australia.

ACCC will not oppose Birketu and Illyria's proposed acquisition of Ten

The ACCC has announced that it will not oppose Birketu Pty Ltd (Birketu) and Illyria Nominees Television Pty Ltd’s (Illyria) proposed joint bid to acquire Ten Network Holdings Limited (Ten).

Birketu, owned by Bruce Gordon, and Illyria, owned by Lachlan Murdoch, propose to each acquire a 50 per cent interest in Ten, and to operate it as a joint venture entity. Mr Gordon and Mr Murdoch have links with a number of media assets in Australia.

ACCC has concerns about Camp Australia and Junior Adventures merger

The Australian Competition and Consumer Commission has raised preliminary competition concerns about Bain Capital’s proposal to combine Camp Australia Pty Ltd (Camp Australia) and Junior Adventures Group (JAG).

Camp Australia and JAG are the two largest commercial suppliers of before and after school care in Australia. JAG owns the OSHClub and Helping Hands brands.

ACCC releases Statement of Issues on BP's proposed acquisition of Woolworths' petrol sites

The Australian Competition and Consumer Commission has flagged preliminary concerns regarding the proposed acquisition by BP Australia Pty Ltd of Woolworths Limited’s (ASX:WOW) network of retail service station sites and is seeking feedback from interested parties.

The ACCC has today outlined its preliminary view that the proposed acquisition may substantially lessen competition for the retail supply of fuel across metropolitan areas.

Law Council of Australia

Chairman Rod Sims outlines the ACCC's new approach to information gathering in merger analysis, and how an increase in resources for cartel investigations over the past three years resulted in this week's once-in-a-century conviction for cartel conduct.

ACCC appeals Tribunal decision in Tabcorp-Tatts merger

The Australian Competition and Consumer Commission has applied to the Federal Court for judicial review of the Australian Competition Tribunal’s decision to grant authorisation for Tabcorp Holdings Limited (ASX:TAH) to acquire Tatts Group Limited (ASX:TTS). 

The Tribunal’s reasons for its decision found that the proposed acquisition was likely to result in substantial public benefits and no material detriment.

Canadian connection builds on international experience

The Australian Competition and Consumer Commission is pleased to announce that Ms Jeanne Pratt of the Canadian Competition Bureau will be acting Executive General Manager of its Merger and Authorisation Review Branch as part of a 12-month interchange.

Ms Pratt will be replacing Mr Rami Greiss, who will take on the position of Senior Deputy Commissioner, Cartels and Deceptive Marketing Practices Branch at the Canadian regulator, where Ms Pratt is currently Senior Deputy Commissioner, Mergers and Monopolistic Practices Branch.

Australian Competition Tribunal decision on Tabcorp-Tatts merger

The Australian Competition Tribunal has formally made its determination granting merger authorisation for Tabcorp to acquire Tatts and has today published its reasons for decision.

In November 2016 Tabcorp sought informal merger clearance from the ACCC to acquire Tatts.

Shortly after the ACCC released its paper seeking views on potential competition issues in March 2017, Tabcorp withdrew its application for informal clearance and instead lodged an application with the Tribunal for authorisation of its proposed acquisition of Tatts.