Australian regulator clarifies competing bids in FAQs update
( May 27, 2025, 07:00 GMT | Official Statement) -- MLex Summary: The frequently asked questions on merger changes have been updated a second time with details about competing bids, the Australian competition regulator said. In a statement today, the Australian Competition & Consumer Commission said that it has published an updated version responding to questions about competing bids. This follows a version published in April. The two new questions that have been added to the FAQs include “Can the [regulator] consider notifications of proposed acquisitions where competing bids to acquire the same shares or assets are being considered by the vendor?” and “Can parties discuss competing bid scenarios with the [regulator] in pre-notification?”The statement by the Australian Competition & Consumer Commission follows; the updated FAQs document is attached:...
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