Mergers

ACCC will not oppose Reckitt Benckiser’s proposed acquisition of the K-Y brand

The Australian Competition and Consumer Commission has announced that it will not oppose Reckitt Benckiser Brands Limited’s proposed acquisition of the K-Y brand from Johnson & Johnson.

Reckitt Benckiser and K-Y overlap in the supply of personal lubricant products. Reckitt Benckiser owns the Durex brand, including its personal lubricant products, and K-Y is a well-recognised personal lubricant brand.

ACCC will not oppose Tabcorp’s proposed acquisition of ACTTAB

The Australian Competition and Consumer Commission has announced that it will not oppose Tabcorp Group’s (ASX: TAH) proposed acquisition of the ACTTAB business.

The ACCC’s public review focused on whether, as a result of the proposed acquisition, Tabcorp would be able to offer punters less favorable odds, increase its commission fees or otherwise degrade the quality of its wagering products. The ACCC also considered whether there would be any impact on the supply of ‘pooling services’.

ACCC will not oppose Expedia’s proposed acquisition of Wotif

The Australian Competition and Consumer Commission will not oppose the proposed acquisition by Expedia, Inc. of Wotif.com Holdings Ltd (ASX: WTF).

“The ACCC noted the concerns raised by market participants that Wotif represented an important source of bookings for some accommodation providers and that its removal from the Australian market may result in them paying higher commission rates to online travel agents (OTAs),” ACCC Chairman Rod Sims said.

ACCC will not oppose Wilmar and First Pacific's proposed acquisition of Goodman Fielder

The Australian Competition and Consumer Commission has announced that it will not oppose Wilmar and First Pacific’s proposed acquisition of Goodman Fielder Limited.

Wilmar and Goodman Fielder overlap in the supply of packaged edible oils to Australian retailers and, in particular, in the supply of vegetable oils including canola, sunflower and soybean oil.

ACCC will not oppose the proposed acquisition of three Supa IGA stores in WA by Coles

The Australian Competition and Consumer Commission has announced that it will not oppose the proposed acquisition of three Progressive Supa IGA supermarkets by Coles/Wesfarmers (ASX: WES). Metcash Limited (ASX: MTS) has a 45 per cent interest in the Progressive supermarkets.

The supermarkets are located in Bunbury, Halls Head, and Dianella in Western Australia. The Halls Head store also has an attached liquor licence.

Enhancing competition policy

ACCC Chairman Rod Sims addresses the Law Council of Australia, Competition & Consumer Committee Annual General Meeting in Brisbane. Mr Sims discusses gaps in the law which can damage economic efficiency and also do not reflect international best practice. He also covers merger policy, and the re-emergence of the 'national champions' argument and briefly comments on institutional issues.

ACCC releases Statement of Issues on proposed acquisition of Wotif by Expedia

The Australian Competition and Consumer Commission has released a Statement of Issues (SoI) outlining competition issues that have arisen to date from the ACCC’s review of the proposed acquisition of Wotif.com Holdings Ltd (ASX: WTF) by Expedia, Inc.

“The ACCC is seeking further information to determine whether the proposed acquisition is likely to substantially lessen competition in the market for the online distribution of Australian accommodation,” ACCC Chairman Rod Sims said.

ACCC will not oppose acquisition of All Homes by Fairfax

The Australian Competition and Consumer Commission today announced that it will not oppose the proposed acquisition of All Homes Pty Limited by Fairfax Media Limited (ASX: FXJ).

Fairfax and All Homes both operate online residential listings businesses in Australia through their websites domain.com.au and allhomes.com.au respectively. Fairfax also owns the only daily newspaper in the Australian Capital Territory (ACT), the Canberra Times.

ACCC not to oppose the proposed acquisition of Hudson Building Supplies by Woolworths/Lowe's JV

The Australian Competition and Consumer Commission today announced that it will not oppose the proposed acquisition of Hudson Building Supplies Pty Limited (Hudson) by Woolworths Limited and Lowe’s Companies Inc (Joint Venture).

Hudson operates a chain of stores in New South Wales and Queensland that supply building materials, hardware, and home improvement products.