Submissions on acquisitions

The Commerce Commission is calling for submissions from business on how it should consider business acquisitions.

At present the Commerce Act prohibits acquisitions that result in market dominance being acquired or strengthened. Forthcoming amendments will raise the threshold to acquisitions that "substantially lessen competition."

Chairman John Belgrave stressed the commission was looking for submissions only on the approach the commission should take under the new regime, not on the regime itself.

Submissions should be made by December 1, when the commerce select committee reports back to Parliament.

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:

OCA - Oceania Healthcare launches secured fixed rate bond offer
ATM - a2MC receives SAMR approval
June 22nd Morning Report
SPG - Retirement of Director Michelle Tierney
APL - AGM Date and Director Nominations
SKC - Resolution of Adelaide Independent Review
CMC Markets accredited as NZX Participant
June 18th Morning Report
PCT - Sale of PwC Tower to New Investment Partnership
MEL - Waitaki reconsenting receives final approval