The ACCC has issued the following selected media releases:
Mergers and acquisitions
ACCC to not oppose BlueScope Steel’s proposed acquisition of Fielders Australia
The ACCC will not oppose the proposed acquisition by BlueScope Steel Ltd of Fielders Australia. BlueScope, through its subsidiary Lysaght, competes with Fielders in the manufacture and supply of roll formed products. Roll formed products are used in all types of building structures and customers include builders, roof installers and shed manufacturers.
ACCC to oppose Sonic’s acquisition of the assets of Delta Imaging Group
The ACCC has announced it will oppose the proposed acquisition by Sonic Healthcare Limited (Sonic) of assets of Delta Imaging Pty Limited (in liquidation), Delta Imaging Maitland Pty Limited (in liquidation) and Cscan Asset Pty Limited (in liquidation) collectively, the Delta Imaging Group. The ACCC concluded that this proposed acquisition is likely to have the effect of substantially lessening competition in the market for the supply of MRI services in Newcastle and Maitland, and the market for the supply of general diagnostic imaging services in Maitland.
ACCC to not oppose ERM Power’s proposed acquisition of Macquarie Generation
The ACCC will not oppose the proposed acquisition by ERM Power Limited of the NSW Government’s Macquarie Generation business and assets including the Bayswater and Liddell power stations.
Mitsubishi Electric Australia to pay $2.2 million for resale price maintenance
The Federal Court of Australia has ordered by consent that Mitsubishi Electric Australia Pty Ltd pay $2.2 million in penalties for engaging in resale price maintenance. Resale price maintenance, which is prohibited under section 48 of the Competition and Consumer Act 2010 (Cth), occurs when suppliers seek to prevent independent retailers or distributors from advertising or selling products below a specified price.