ACCC would not oppose D&D’s proposed Link’s acquisition conditional upon divestiture
The ACCC in its media release dated 08 September 2022 announced that it will not oppose the planned acquisition of Link Administration Holdings by Dye & Durham Corporation after accepting a court-enforceable undertaking from Dye & Durham Corporation would divest its current Australian business.
Through Link’s acquisition, Dye & Durham Corporation (D&D) will acquire 42.77% shareholding in PEXA Group Ltd, held currently by Link Administration.
As pointed out by ACCC on 16 June 2022, the vertical D&D’s information broking services, conveyancing and legal practice management software with PEXA’s Electronic Lodgment Network raised significant competition worries.
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ACCC would not oppose D&D’s proposed Link’s acquisition conditional upon divestiture
The ACCC in its media release dated 08 September 2022 announced that it will not oppose the planned acquisition of Link Administration Holdings by Dye & Durham Corporation after accepting a court-enforceable undertaking from Dye & Durham Corporation would divest its current Australian business.
Through Link’s acquisition, Dye & Durham Corporation (D&D) will acquire 42.77% shareholding in PEXA Group Ltd, held currently by Link Administration.
As pointed out by ACCC on 16 June 2022, the vertical D&D’s information broking services, conveyancing and legal practice management software with PEXA’s Electronic Lodgment Network raised significant competition worries.
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