SYDNEY, Sept 9 (Reuters) - Australia's competition regulator plans to appeal a court ruling that cleared the way for Australian wholesaler Metcash to buy the Franklins chain of supermarkets in Australia from South Africa's Pick n Pay .
The Australian Competition and Consumer Commission said in a statement released to the stock exchange on Friday that last month's ruling could have serious implications for its ability to block anti-competitive mergers and protect consumers.
(Reporting by Mark Bendeich)
Is the ACCC on crack! Why would they block a deal like this! I'm sorry why dont we let woolworths or Coles buy Franclins! That would be much better for competition.
MTS Price at posting:
$4.20 Sentiment: Buy Disclosure: Held
