Acquirer(s)

  • DYWIDAG-Systems International Group

Target(s)

  • Frank Calandra Inc

Statement of issues

Timeline

Date Event

ACCC commenced review under the Merger Process Guidelines.

Closing date for submissions from interested parties. ACCC assessing information provided during market inquiries and consulting with merger parties on any relevant issues or concerns arising.

ACCC requested further information from the merger parties.

ACCC received further information from the merger parties.

ACCC published a Statement of Issues outlining preliminary competition concerns.

ACCC requested further information from the merger parties.

Closing date for submissions relating to Statement of Issues.

Former proposed decision date of 16 June 2016 delayed at the request of the merger parties to allow them to provide additional information.

ACCC received further information from the merger parties. ACCC timeline recommenced.

The parties withdrew their application for informal clearance. The ACCC had expressed competition concerns with the proposed acquisition in the Statement of Issues published on 21 April 2016 and was about to announce its final decision on 21 July. If the parties choose to do so, they may make a fresh application for a restructured proposal in due course.