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Showing 181 - 190 of 275 results for "ACCC"

Bidding time for AMP

JOHN MCDULING  |  MONDAY, 20 SEP 2010
... in November '09. The independent directors of AXA APH held out for a better offer and NAB ultimately obliged, only for the ACCC to stand firm in its opposition to the deal, with concerns over the potential distribution power of a combined NAB/AXA entity ...

NAB exits AXA AP bidding war

RUTH LIEW  |  WEDNESDAY, 15 SEP 2010
... Exchange statement released late yesterday, NAB terminated its bid following the Australian Competition & Consumer Commission's (ACCC) decision to stop the bank's proposed buy of AXA. Cameron Clyne, NAB group chief executive, said that they are disappointed ...

ACCC opposes NAB/AXA merger

RUTH LIEW  |  THURSDAY, 9 SEP 2010
... after reviewing the bank's revised bid, raising the chances of AXA AP's other suitor, AMP. Peter Kell, deputy chairman of the ACCC, said the proposed undertaking by the parties - which includes selling the North platform to IOOF Holdings - do not provide ...

Market Wrap - Midday

AAP  |  THURSDAY, 9 SEP 2010
... unemployment rate was 5.1 per cent in August, beating market expectations. Making news on Thursday, the competition regulator ACCC said it continued to object to the proposed tie-up between National Australia Bank and AXA Asia Pacific. AXA shares tumbled ...

Market Wrap - Morning

AAP  |  THURSDAY, 9 SEP 2010
... Global Capital Ltd is due to list on the Australian Securities Exchange. The Australian Competition and Consumer Commission (ACCC) is set set to make its final decision on Thursday over whether National Australia Bank Ltd (NAB) and AXA Asia Pacific Holdings ...

ACCC chairman withdraws from merger talks

RUTH LIEW  |  WEDNESDAY, 18 AUG 2010
The chairman of the ACCC, Graeme Samuel, has stood aside from the regulator's deliberations on the NAB/AXA merger. According to a press statement from the Australian Competition and Consumer Commission, Samuel has recused himself from the merger talks ...

IOOF agrees to buy North

ALEX DUNNIN  |  MONDAY, 9 AUG 2010
... stumbling block holding back the NAB-AXA merger. The focus on the North platform is because the competition regulator, the ACCC, believes the North platform is likely to play a major role in future market innovation and if it moves into the NAB stable ...

SAP and Sybase merger gets ACCC tick

RUTH LIEW  |  WEDNESDAY, 28 JUL 2010
... firm, Sybase, which provides complex event processing and analytics services used in the finance sector. According to an ACCC statement, the proposed acquisition was unlikely to result in substantial lessening of competition because "the merger parties ...

NAB granted more time on AXA bid

PRESS RELEASES  |  MONDAY, 19 JUL 2010
... close to extending the period for NAB to address the issues raised by the Australian Competition and Consumer Commission (ACCC) on Friday last week. NAB's proposal involves buying AXA APH, which includes the Australian and New Zealand businesses and ...

NZ Commission gives AMP all clear

MICHAEL HOBBS  |  MONDAY, 21 JUN 2010
... final decision on AMP's bid for AXA Asia Pacific by two weeks. In April, the Australian Competition and Consumer Commission (ACCC) blocked NAB's bid, citing concerns about competition between retail investment platforms if NAB and AXA merged, adding ...