Acquirer(s)
- MYOB Group Limited
Target(s)
- Reckon Limited's Accountants Group
Summary
MYOB proposes to acquire the Accountants Group from Reckon Limited. The proposed acquisition includes three Reckon businesses:- Reckon APS
- Reckon Elite
- Reckon Docs
The transaction includes all associated clients, IP, systems and employees for these businesses.
Statement of issues
| Document title | Date | |
|---|---|---|
| Statement of Issues |
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
Former provisional date for announcement of findings (22 March) delayed to allow MYOB more time to provide additional information. |
|
ACCC received further information from MYOB. |
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ACCC published a Statement of Issues outlining preliminary competition concerns. |
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On or around 9 April, the ACCC requested further information from certain industry participants, MYOB and Reckon. |
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Closing date for submissions relating to Statement of Issues. |
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ACCC is waiting on information requested on or around 9 April. Former proposed date for announcement of findings (30th May) is delayed. |
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ACCC received the majority of information requested on or around 9 April. |
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ACCC has discontinued this review after MYOB announced that the acquisition will not proceed. |