Business
Woolworths’ $550 million merger plan may need work: ACCC – Sydney Morning Herald
Australia’s competition watchdog is calling for industry feedback on a proposed deal between Woolworths and food services company PFD.
A pitch from supermarket giant Woolworths to allay competition concerns over its $550 million acquisition of food services company PFD has raised eyebrows with competition tsar Rod Sims who says similar plans have been difficult to enforce.
On Monday, the Australian Competition and Consumer Commission (ACCC) called for industry consultation on a proposed undertaking between Woolworths and PFD that would see the two companies run independently for three years in a move the businesses hope will assuage…
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