Acquirer(s)
- InvoCare Limited
Target(s)
- Liberty Funerals
Summary
InvoCare Limited - proposed acquisition of Liberty FuneralsMarket definition
The proposed acquisition was considered in the context of the Sydney market for the supply of funeral direction servicesCompetition analysis
On 26 February 2007, the ACCC formed the view that the proposed acquisition was unlikely to result in a substantial lessening of competition in the relevant market. Factors informing this conclusion included:- the increase in the merged firm's market share would be relatively small;
- there will remain a number of alternative suppliers to which customers could turn, including in the local areas of Liberty Funerals' operations;
- barriers to entry appear to be low; and
- there do not appear to be any vertical foreclosure concerns raised by the proposed acquisition.
Timeline
| Date | Event |
|---|---|
ACCC commences review under the Merger Review Process Guidelines. Market inquiries commence. |
|
Closing date for submissions from interested parties. |
|
ACCC announced it would not oppose the proposed acquisition |