Foodstuffs seeks a judicial review

At deadline yesterday, dominant supermarket owner Foodstuffs was seeking a judicial review of the Overseas Investment Commission's actions in allowing the Woolworths-Progressive merger to proceed. It was granted a one-day interim injunction in the High Court at Auckland on Wednesday.

Yesterday it was seeking a continuation of the injunction stopping the merger, while the question of a judicial review of the commission's actions in relation to the merger is examined.

Progressive owner Foodland Associated announced on Tuesday it had agreed to buy Woolworths for $690 million but was stopped in its tracks by Foodstuffs' surprise move.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PYS - PaySauce to announce F26 full year results on 27 May 2026
PEB - Draft LCD Proposes Medicare Coverage for Triage and Triage
MEL - Meridian Energy monthly operating report for April 2026
FBU - Sale of South Australian property
AIR - Air New Zealand market update
May 14th Morning Report
PEB - Pacific Edge Placement Increased to NZ$25.4 Million
Radius Care Reports Earnings Growth and 50% Higher Dividend
May 13th Morning Report
Pacific Edge launches capital raise of NZ$24 million