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Peter Warren Automotive Holdings Limited (ASX:PWR)

ALERT: Price-sensitive ASX Announcement for PWR
Current share price for PWR : $0.950 0.05 (5.56%)+
Announcement
Release
12 Jun 2026 4:46PM
Price at Release
$0.900
Full Release
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Summary
Peter Warren Automotive Holdings Limited (PWR) has provided an update regarding its proposed acquisition of Wakeling Automotive. The Australian Competition and Consumer Commission (ACCC) had advised PWR on June 2, 2026, that the acquisition would proceed to a Phase 2 review. In response, PWR intends to submit a new Phase 1 application with a remedy proposal to the ACCC, withdrawing its original application. PWR will collaborate closely with the ACCC to gain clearance for the acquisition, signaling its commitment to continue with the transaction. Further updates will be provided by the company as developments occur.
Key Points
  • Peter Warren Automotive Holdings Limited updates on Wakeling Automotive acquisition.
  • ACCC to conduct Phase 2 review of the acquisition.
  • PWR to submit new Phase 1 application with a remedy proposal.
  • Original ACCC application withdrawn by PWR.
  • PWR aims to obtain clearance for the acquisition.
  • Further market updates to be provided when appropriate.
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.