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 ACCC now looking at Parmalat and Murray Goulburn bid 

ACCC now looking at Parmalat and Murray Goulburn bid

25/07/2008 11:25:00 AM
Having given the green light to the National Foods bid for Dairy Farmers, the Australian Competition and Consumer Commission has now turned its attention to the rival takeover proposal from Parmalat SpA and the Murray Goulburn Cooperative.

The ACCC is calling for public comment on their bid.

The ACCC has identified a number of preliminary concerns about the proposed acquisition of DF by Parmalat and MG, and is seeking further information from the two companies.

The ACCC's decision to accept submissions from the market until August 7 has resulted in the body deferring its final decision on the bid until September 21.

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Q: Will the abolition of AWB's dual share system result in growers' interests being put second to those of the shareholders?

Yes
(70.4%)

No
(25.1%)

Undecided
(4.6%)

Total Votes: 351
Poll Date: 20/07/2008

27/08/2008 | IF farmers are wondering what the new look Senate will mean for them, they should just take a look at politics in NSW and the behind-closed-doors relationship between Labor and the Greens for a taste of what might be in store Federally.
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