CTX to drop tomorrow does not look good unless they have provided something that will change there mind......sold today could take the chance....
SYDNEY -(Dow Jones)- The Australian Competition and Consumer Commission Tuesday pushed back its date to rule on Caltex Ltd.'s (CTX.AU) proposed acquisition of 302 ExxonMobil Corp. (XOM) stations in Australia until Dec. 2.
The agency was expected to rule Wednesday but changed the date to give the ACCC more time to review additional information that Caltex wanted to provide.
At the start of October, the agency pushed back its deadline to make a decision on this deal by more than a month after the agency raised serious concerns about the planned A$300 million acquisition's effects on competition.
In what it called its preliminary view, the regulator said previously that the proposed transaction would likely "substantially lessen competition" in wholesale fuel markets in New South Wales and Queensland states and may lessen wholesale competition in Victoria and South Australia states.
-By Cynthia Koons, Dow Jones Newswires; 61-2-8272-4691; cynthia.koons@ dowjones.com
accc prolongs annoucement
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ALD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$32.80 |
Change
-0.260(0.79%) |
Mkt cap ! $7.816B | |||
| Open | High | Low | Value | Volume |
| $33.10 | $33.10 | $32.37 | $72.85M | 2.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1535 | $32.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.80 | 150 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ALD (ASX) Chart |