ACCC may block Franklins takeover by Metcash IGA

By David Olsen · 23 September 2010 · Legal

ACCC poised to shake up supermarket deals

A major takeover bid is under scrutiny, but will the ACCC block it? Find out what's at stake for Franklins and Metcash.

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Summary

Metcash’s $215 million offer to acquire Franklins 85 supermarkets and distribution chain from South African based Pick n Pay Retailers (Pty) Limited has the ACCC considering whether to block the deal on competition grounds.