Business
ACCC to review takeover of MLC Wealth – The Australian Financial Review
The competition regulator will examine IOOF’s ambitious $1.4 billion acquisition of National Australia Bank’s MLC subsidiary – at IOOF’s request.
The competition regulator will review IOOF’s ambitious $1.4 billion acquisition of National Australia Bank’s MLC subsidiary, after the would-be buyer instigated a request for an “informal merger clearance”.
Sheridan de Kruiff, general manager of merger investigations for the Australian Competition and Consumer Commission (ACCC) wrote to interested parties on Monday, seeking industry feedback.
If successful, the takeover bid, which was launched in August, would see IOOF emerge as Australia’s largest…
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