|
|
|
 |
| Company |
Code |
Released |
Type |
Headline |
| A&R Whitcoulls Group Holdings Pty Limited |
ARW |
28 Sep, 2007, 11:02 |
COMCOM |
Whitcoulls applies for clearance to acquire Borders |
| Full Text of Announcement |
Whitcoulls' parent company applies for clearance to
acquire Borders
The Commerce Commission has received an application
from A&R Whitcoulls Group Holdings Pty Limited (ARW)
seeking clearance to acquire 100% of the shares in
Borders New Zealand Limited (Borders).
ARW is an Australian proprietary company registered
with the Australian Securities and Investments
Commission, and is owned by Pacific Equity Partners
Pty Limited. In New Zealand, ARW is involved in the
retail of books, magazines, stationery, cards and DVDs
through its wholly-owned subsidiary Whitcoulls
Holdings Limited.
Borders is a wholly-owned subsidiary of Borders Group
Inc., which is listed on the New York stock exchange.
In New Zealand, Borders is involved in the retail of
books, magazines, stationery, cards, DVDs and CDs.
In considering the application, the Commission's role
is to determine whether the acquisition has the effect
of substantially lessening competition in a market.
A public version of the application will shortly be
available on the Commission's website
www.comcom.govt.nz under Public Registers.
Media contact: Felicity Connell, Senior Communications
Adviser
Phone work (04) 924 3709, mobile 0212 254 454
Commission media releases can be viewed on its web
site www.comcom.govt.nz
If you no longer wish to receive Commerce Commission
media releases, please email felicity.connell@comcom.govt.nz
with 'Unsubscribe' in the subject line to be removed
from the media release list. |
|
|
|
|
