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Under ACCC scrutiny, IVF provider Virtus drops $45M Adora acquisition
IVF company Virtus Health has withdrawn its offer to acquire rival Adora Fertility from Healius, citing the competition regulator's opposition to the takeover.
Ex-Antares Energy CEO banned for misleading market about $354M Texas oil sale
The former CEO and chairman of Antares Energy has been banned from managing corporations for four years and hit with a $40,000 penalty for failing to disclose to the market the buyer behind an ill-fated US$254 million acquisition of Texas oil assets.
ACCC clears Woodside’s $41B takeover of BHP unit
The Australian Competition and Consumer Commission has will not oppose Woodside Petroleum’s $41 billion acquisition of BHP Petroleum International, saying the oil and gas giant would have no incentive to reduce domestic gas supply.
ASIC opposes BlueScope general manager’s request to manage company
The Australian Securities and Investments Commission has opposed BlueScope Steel general manager Jason Ellis’ request for court permission to manage another company, saying he should wait until the ACCC’s price-fixing case against him has been decided.
ACCC clears JBS Australia’s proposed $175M acquisition of Rivalea
The Australian Competition and Consumer Commission has given the green light to pork processor JBS Australia to proceed with its proposed $175 million acquisition of a Singapore-owned pig farm and abattoir business, despite competition concerns raised by pig farmers.
ACCC updated policies on witnesses after ‘flawed’ bank cartel probe, court hears
A senior ACCC officer was probed Tuesday on whether the competition regulator updated its guidelines for taking witness statements in July in response to criticism of investigators' methods in the cartel probe over ANZ's $2.5 billion share placement.
Judge pulls up ASIC for ‘strange’ handling of GetSwift case
A judge has dressed down ASIC over the handling of its action against GetSwift, criticising the regulator's failure to seek a court injunction to prevent the company's relocation to Canada.
SPC loses appeal of $1.2M judgment over Coca-Cola Amatil deal
Melbourne-based joint venture Shepparton Partners Collective has lost its appeal of a $1.2 million judgment that found it infringed software developer QAD's copyright by failing to pay a transfer fee to retain the licence after it acquired the iconic SPC Ardmona cannery in Victoria from Coca-Cola Amatil for $40 million.
ACCC greenlights Meta’s proposed acquisition of Kustomer
The Australian Competition and Consumer Commission says Meta’s proposed acquisition of customer relationship management start-up Kustomer is unlikely to have any substantial impact on competition.
AMA Group taken to court over $5.5M smash repair acquisition
Automotive repair specialist AMA Group has been sued by two Gosford-based smash repair businesses claiming they were not paid enough when they were purchased for $5.5 million in October 2018.