Not exact matches
Market volatility through the first quarter led to a 20 % decline
in takeover activity versus the same period a year earlier, and now regulators are flexing their muscles to hinder transactions that have already been announced that involve reducing taxes or
competition.
The
competition watchdog has further delayed its decision on the $ 9 billion
takeover of rail and ports giant Asciano, after receiving complaints that the deal would reduce
competition in the container logistics business.
The British
Competition and Markets Authority has provisionally nixed 21st Century Fox's $ 26 billion
takeover of media company Sky, saying it may not be
in the public interest as it would put too much power
in Rupert Murdoch's hands.
Netflix's «poison pill» defense, which would make it much more difficult for Icahn — or anyone else — to mount a hostile
takeover, comes as the streaming pioneer struggles to regain traction amid intense
competition in the online - video space.
The pop
in Radius shares price is likely two-fold; one, it is a
takeover target and two, less
competition in the market.
Following the Australian
Competition and Consumer Commission's (ACCC) comments over a potential lack of competition should Saputo's purchase of Murray Goulburn go ahead, the Canadian company has said it will sell the plant in question so its
Competition and Consumer Commission's (ACCC) comments over a potential lack of
competition should Saputo's purchase of Murray Goulburn go ahead, the Canadian company has said it will sell the plant in question so its
competition should Saputo's purchase of Murray Goulburn go ahead, the Canadian company has said it will sell the plant
in question so its
takeover...
Mr Sims said it remains unclear following the decision for Tabcorp to take their Tatts merger directly to the Australian
Competition Tribunal whether other big mergers such as BP's blocked
takeover of Woolworths service stations will try to seek approval
in the courts.
During the heated
takeover battle for Warrnambool Cheese & Butter this year, Murray Goulburn's bid was thwarted because of concerns about a reduction
in local
competition.
Media: See John Durie, «Saputo has to spill some milk to get MG
in the fast lane» (The Australian, 2 March 2018), Carrie LaFrenz and Brad Thompson, «ACCC has issue with Victorian dairy plant
in Saputo, Murray Goulburn deal» (AFR, 1 March 2018), Peter Hemhill and Simone Smith, «Saputo - Murray Goulburn deal: ACCC flags concerns» (The Weekly Times, 1 March 2018), Clint Jasper, «
Competition watchdog raises concern over $ 1.3 b foreign
takeover of Murray Goulburn» (ABC Rural, 1 March 2018), Sue Neales, «Saputo rebuffed on Murray Goulburn $ 1.3 bn bid over Koroit plant» (The Australian, 2 March 2018), Darren Gray, «Mega-milk deal sparks ACCC concern for farmers» (SMH, 1 March 2018).
The deal, which Murray Goulburn has said is key to its survival, was cast into doubt last month when the Australian
Competition and Consumer Commission (ACCC) said the
takeover could leave some dairy farmers
in the state of Victoria, the country's largest milk - producing region, with little choice when selling their milk.
Murray Goulburn is locked
in a fierce three - way
takeover tussle with Bega Cheese and Canada's Saputo for control of Warrnambool Cheese & Butter, and is arguing its case for regulatory approval before the Australian
Competition Tribunal.
In an issues paper made public on Tuesday, the Australian
Competition and Consumer Commission - which is helping the tribunal - rejected Murray Goulburn's claim that its takeover of WCB would cause no significant lessening of c
Competition and Consumer Commission - which is helping the tribunal - rejected Murray Goulburn's claim that its
takeover of WCB would cause no significant lessening of
competitioncompetition.
One way
in which the major supermarkets increase their market share is through «creeping acquisitions»; a series of
takeovers, each of which is individually too small to «substantially lessen
competition» but which cumulatively may do so.
The recommendations relating to
competition have not been enacted (yet)- they included reinstating specific anti-price discrimination provisions, inhibiting firms achieving market power through
takeovers or abusing market power (because they didn't think ss 46 and / or 50 were effective
in achieving this) and expressly defining «market power» «so that it is less than market dominance and does not require a firm to have unfettered power to set prices» (apparently they were unfamiliar with the 2007 amendments to s 46).
How would you regulate
takeovers in order to maintain market
competition, improve consumer choice and protect British businesses and jobs from unfair
competition and commercial predators?