ACCC clarification on Myer and David Jones Merger Speculation
Tuesday 11 February 2014 @ 9.22 a.m. | Trade & Commerce
The Australian Competition & Consumer Commission (ACCC) is aware of recent media reports which suggest that the ACCC has indicated that it would be unlikely to object to a merger between Myer and David Jones.
To ensure there is no confusion about the position of the ACCC on this issue, the ACCC wishes to make clear that it has formed no such view and it has provided no such indication, either formally or informally, to Myer or any other person.
Should Myer or David Jones decide to pursue a merger the ACCC will then conduct a very thorough review, in accordance with its published guidelines, that would explore a range of potential competition issues.
TimeBase is an independent, privately owned Australian legal publisher specialising in the online delivery of accurate, comprehensive and innovative legislation research tools including LawOne and unique Point-in-Time Products.
