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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
2 / 483 |
Essay's paper body
Many factors have affected W's share price over the past ten years.
However, Merger didn't justify the risk considering:
? the low return
? the size of the merger
? the substantial risks inherent in any merger
? in particular that historically, bank mergers in Australia have resulted in reductions in market share
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Obtaining ACCC approval
This was obtained for two reasons:
? in light of Wallace enquiry, ACCC accepted W's submission that market should be segmented into six product markets for retail banking, and that "substantial lessening of competition" test could be applied to each; and
? by negotiating a series of conditions designed to protect customers...
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