The Australian Competition and Consumer Commission today released a Statement of Issues on the proposed acquisition of Patrick Corporation by Toll Holdings.
The ACCC will initiate a second phase of market enquiries into this matter, and invites further submissions from the market focused on the matters outlined in its Statement of Issues. The deadline for making further submissions is 25 November 2005.
At the conclusion of market inquiries, the ACCC will make a final assessment of the matter, and anticipates issuing its final decision prior to Christmas.