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Peter Warren Automotive Holdings Limited (ASX:PWR)

ALERT: Price-sensitive ASX Announcement for PWR
Current share price for PWR : $0.870 0.115 (15.23%)+
Announcement
Release
2 Jun 2026 5:37PM
Price at Release
$0.755
Full Release
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Summary
Peter Warren Automotive Holdings Limited announced that the Australian Competition and Consumer Commission (ACCC) has not yet concluded its review of Peter Warren's proposed acquisition of Wakeling Automotive. The ACCC will proceed to a Phase 2 review as part of its merger control process, indicating a more detailed examination that may extend up to 90 business days. During this period, Peter Warren and Wakeling Automotive will collaborate with the ACCC to address any competition concerns. The company will continue to provide market updates as needed.
Key Points
  • ACCC has not concluded the review of the acquisition.
  • Phase 2 review initiated by ACCC.
  • Phase 2 review period up to 90 business days.
  • Peter Warren and Wakeling Automotive collaborating with ACCC.
  • Further market updates to be provided.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.