Mergers

ACCC calls for comment on Telstra’s proposed acquisition of Adam Internet

The Australian Competition and Consumer Commission has released a Statement of Issues on the proposed acquisition of Adam Internet Pty Ltd (Adam Internet) by Telstra Corporation Ltd (Telstra).

The Statement of Issues sets out the ACCC’s preliminary views and seeks further information on certain competition issues which have arisen from the ACCC's review to date.

“The ACCC’s preliminary view is that the proposed acquisition is likely to result in a substantial lessening of competition in the supply of retail fixed voice and broadband services,” ACCC Chairman Rod Sims said.

ACCC concerned about Carsales’ proposed acquisition of Trading Post from Telstra

The Australian Competition and Consumer Commission today released a Statement of Issues (SOI) outlining concerns with the proposed acquisition of the Trading Post and its associated assets by Carsales.com Ltd from Telstra Corporation Limited.

The SOI seeks more information on a number of competition issues which have arisen from the ACCC's review to date.

ACCC to oppose Woolworths/Lowe’s proposed acquisition of G Gay & Co hardware stores

The Australian Competition and Consumer Commission today announced it will oppose the proposed acquisition by the Woolworths/Lowe’s Joint Venture (Woolworths) of an independent chain of three hardware stores owned by G Gay & Co in Ballarat, Victoria.

Woolworths has secured a site and has plans to open a Masters store in Wendouree, in the Ballarat area in 2013.

Only limited acceptance by the major supermarket chains of ACCC’s proposed streamlined acquisition assessment protocol

The Australian Competition and Consumer Commission has agreed with Coles a streamlined assessment protocol for single supermarket acquisitions, including in relation to new supermarket developments, for an initial six month trial period. Agreement was not reached, however, to include in the protocol acquisitions by Coles or Bunnings in liquor or hardware.

No agreement on the protocol was reached in any of the sectors with Woolworths.

ACCC releases Statement of Issues on proposed acquisition of Hawker Supa IGA

The Australian Competition and Consumer Commission today released a Statement of Issues (SoI) outlining concerns with the proposed acquisition of the Hawker Supa IGA by Woolworths Limited.

The SoI seeks more information on competition issues which have arisen from the ACCC’s review to date.

The ACCC’s preliminary view is that the proposed acquisition may result in a substantial lessening of competition in the local supermarket market.

About mergers

Mergers and acquisitions can be important for the efficient functioning of the economy. However, the Competition and Consumer Act prohibits those mergers that would have the effect, or be likely to have the effect, of substantially lessening competition in a market.

Fees & forms

Your application for authorisation or notification should be in a form approved by the ACCC and accompanied by the relevant fee unless a waiver is in place.

Notification

Notification is an alternative process to authorisation that is available where parties propose to engage in small business collective bargaining, exclusive dealing or resale price maintenance.