GUD to make second bid for Breville?

Metcash shareholders will have followed the Franklins acquisition saga with bemused interest. But in the end the ACCC, the competition watchdog, lost its court battle to stop Metcash buying the distressed grocery chain last month. The ACCC was very determined to stop Metcash because the deal has implications for merger policy. But essentially the courts agreed with Metcash that the grocery market should be defined widely, to include retailers such as Woolworths and Coles. It makes sense to us that Metcash, which has an effective monopoly in wholesale grocery supply, is still restrained by Woolworths and Coles. Quite why the...

Metcash shareholders will have followed the Franklins acquisition saga with bemused interest. But in the end the ACCC, the competition watchdog, lost its court battle to stop Metcash buying the distressed grocery chain last month.

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