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Winc-OfficeMax deal is problematic but should proceed, ACCC concludes

By James Panichi ( November 30, 2017, 07:06 GMT | Insight) -- ​The acquisition of OfficeMax Australia by Winc will lessen competition in the supply of office products in the country, but the risk isn’t serious enough for the deal to be stopped, Australia’s competition watchdog announced today. The Australian Competition and Consumer Commission said it won't oppose the transaction that involves Linc’s parent company, the US private equity firm Platinum Equity.The acquisition of OfficeMax Australia by US-owned Winc will lessen competition in the supply of office products, but the risk isn’t serious enough for the deal to be blocked, Australia’s competition watchdog announced today....

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