Mergers

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.

ACCC will not oppose Caltex's proposed acquisition of Milemaker

The Australian Competition and Consumer Commission has decided to not oppose the proposed acquisition by Caltex Australia Petroleum (ASX:CTX) of a chain of Victorian service stations from Milemaker Petroleum.

Caltex is proposing to acquire 46 of Milemaker’s sites in Victoria, around 30 of which are in metropolitan Melbourne.

Milemaker operates its sites as a Caltex independent franchisee, so from the point of view of consumers, they appear to be Caltex sites. However, because Milemaker sets retail fuel prices independently of Caltex, it is an independent competitor.

ACCC won't oppose Healthe Care's proposed acquisition of Pulse Health

The Australian Competition and Consumer Commission has decided not to oppose Healthe Care Australia’s proposed acquisition of Pulse Health (ASX: PHG).

Healthe Care and Pulse Health are both private hospital operators. The ACCC’s review of the proposed acquisition focused on Forster and Taree in the mid-North Coast region in NSW. Healthe Care owns the Mayo Private Hospital in Taree and Pulse Healthe operates the Forster Private Hospital.

ACCC Releases Statement of Issues on Caltex's proposed acquisition of Milemaker

The Australian Competition and Consumer Commission has released a Statement of Issues expressing initial concerns about the proposed acquisition by Caltex Australia Petroleum (ASX:CTX) of a chain of 46 service stations in Victoria from Milemaker Petroleum.

The ACCC’s preliminary view is that the acquisition may substantially lessen competition for the retail supply of petrol in Melbourne.

ACCC releases Statement of Issues on South32 Ltd's proposed acquisition of Metropolitan Collieries Pty Ltd

The Australian Competition and Consumer Commission has issued a Statement of Issues on the proposed acquisition by South32 (ASX:S32) of Metropolitan Collieries (Metropolitan), currently owned by Peabody Energy.

South32 and Metropolitan are two of the largest producers of coking coal in the Illawarra region and the two largest suppliers of coking coal to Australian steelmakers.