Mergers

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.

ACCC won't oppose Cabcharge buying Yellow Cabs in Queensland

The Australian Competition and Consumer Commission will not oppose the proposed acquisition by Cabcharge Australia Limited (ASX:CAB) of Yellow Cabs (Queensland) Pty Ltd.

Yellow Cabs is one of the two large taxi networks in Brisbane, with a market share of approximately 50 per cent. While Cabcharge does not currently operate any taxi networks in Queensland; it does provide non-cash payment services and equipment.

ACCC won't oppose GE's proposed acquisition of Baker Hughes

The Australian Competition and Consumer Commission has announced it will not oppose the proposed acquisition of Baker Hughes Incorporated (Baker Hughes) by General Electric Company (GE).

On 6 January 2017, GE and Baker Hughes announced that the companies will establish a new listed company combining the oil and gas business of GE and the whole business of Baker Hughes. The global merger is valued at approximately US$32 billion.

ACCC won't oppose proposed merger of Dow and DuPont in Australia

The Australian Competition and Consumer Commission will not oppose the proposed merger of The Dow Chemical Company (Dow) and E.l. Du Pont de Nemours and Company (DuPont).

On 27 March 2017 the European Commission cleared the proposed merger, subject to divestiture of major parts of DuPont's global pesticide business and global research and development organisation. Separately Dow will also divest its acid co-polymers and ionomers business.

ACCC releases statement of issues on proposed merger between APN Outdoor Group Limited and oOh!media Limited

The Australian Competition and Consumer Commission has released a Statement of Issues expressing preliminary concerns about the proposed merger between APN Outdoor Group Limited (ASX: APO) and oOh!media Limited (ASX: OML).

“Many industry participants have competition concerns in relation to the merger. It will combine the two largest providers of out-of-home advertising in Australia, creating a market leader with over 50 per cent of all out-of-home advertising, and an even higher share in some segments, such as roadside billboards,” ACCC Chairman Rod Sims said.