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​​Adelaide Tools bid by Wesfarmers' Bunnings prompts Australian regulatory review

By James Panichi ( November 6, 2019, 00:58 GMT | Insight) -- Plans by Wesfarmers-owned retailer Bunnings Group to acquire rival Australian home-improvement company Adelaide Tools has sparked a public review by the country’s competition regulator, with the probe set to focus on the effect the deal will have on both suppliers and customers. In a market inquiries letter published today, the Australian Competition & Consumer Commission has asked for submissions on what factors Australian tradespeople and builders take into account when buying equipment, including how far they’re prepared to travel to obtain tools and material.Plans by Wesfarmers-owned retailer Bunnings Group to acquire rival Australian home-improvement company Adelaide Tools has sparked a public review by the country’s competition regulator, with the probe set to focus on the effect the deal will have on both suppliers and customers....

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