Mergers
So the ACCC has allowed another acquisition that over time will be detrimental to competition and consumers.

If you were not otherwise distracted by the upcoming extended long Easter/ANZAC day weekend, you would have noticed that last Thursday the ACCC put out a media release stating that it will not be opposing the Woolworths acquisition of the Cellarmasters Liquor Group.
Now apart from sending out the release just before a long weekend where for obvious reasons less media attention would be given to the ACCC failure to act, the ACCC’s decision not to oppose the Woolworths acquisition is not surprising. In fact, the ACCC only opposes a tiny number of mergers and acquisitions under our existing competition laws.
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