Mergers

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

Don't blame some naughty toddler, blame the ACCC

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.

Latest 2 of 53 comments

View all comments
 
  • Zopo says:

    08:57am | 28/04/11

    Well at the end of the day the small wine producers end up selling to Woolies anyway either under their own brand or private label brand, basically Woolies & Coles saying “Well if you cant beat us join us, but we will tell you how much we want to pay… Read more »

  • BB says:

    01:36am | 28/04/11

    I’m guessing you don’t know the difference between a banner group & liquor ownership based on your incorrect comment - unless you live rural? Read more »

 

Facebook Recommendations

Read all about it

Punch live

Up to the minute Twitter chatter

Anthony Sharwood

How much fun is it retweeting people who can't spell?

Anthony Sharwood

In other Olympian news, Steph rice is advertising Sunrice Chinese style Mongolian chicken. Think about that for a tick

Anthony Sharwood

Oops, just trying to say thanks all four your follows and Hackett yarn feedback, especially the dude who called me an opinionated dipshit

David Penberthy

@GreenJ lady boy.

Recent posts

The latest and greatest

Is there a nicotine patch strong enough for this?

Is there a nicotine patch strong enough for this?

Ok. I am not a leading expert in world’s best practice on prisoner rehabilitation — my experience…

A great win by Webber, but it sure as hell wasn’t sport

A great win by Webber, but it sure as hell wasn’t sport

This morning I joined millions of other Australians in accelerating, braking, swearing and spilling coffee…

Fighting Assad one strongly worded statement at a time

Fighting Assad one strongly worded statement at a time

This weekend’s massacre in Houla, Syria, is one of those stories that invites but doesn’t…

Nosebleed Section

choice ringside rantings

From: They must pay for one’s bitter disappointments

Michael S says:

"A teacher at Geelong Grammar had criticised her for using words that were too long, which had left her confused and had made her doubt her ability to write essays. She became ''quite distressed'' when her English marks began to fall." I can sympathise. My scholastic mentors conveyed to me a causal relationship… [read more]

From: Welfare for breeders is a bonus for everyone

Change Up! says:

I have no problem paying my taxes. As a single, childless person on a very decent income, I can afford it and not have my life severely altered. Plus I understand that my taxes paying for things like schools, childcare and infrastructure is ultimately a good thing. A better community is better for me… [read more]

Gentle jabs to the ribs

They must pay for one’s bitter disappointments

They must pay for one’s bitter disappointments

A private school girl’s family is sueing her elite, extremely expensive private school for not… Read more

243 comments

Newsletter

Read all about it

Sign up to the free daily Punch newsletter