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Australian merger-review weaknesses highlighted in new report, regulator says

( February 25, 2022, 00:46 GMT | Official Statement) -- MLex Summary: Caltex's acquisition of Milemaker, Emergent Cold's acquisition of AB Oxford Cold Storage Company and Winc's acquisition of OfficeMax, were all revisited in a new report by Australia's competition regulator on previous merger decisions. In a statement accompanying the report today, Rod Sims, the head of the Australian Competition & Consumer Commission, said the report showed instances where merger parties and other stakeholders appeared to distort or omit critical information. Sims said this highlights the weaknesses in Australia's existing informal merger-review system because companies can decide how much information they want to give the regulator.The full statement from the Australian Competition & Consumer Commission follows and the regulator's report is attached:...

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