Advised BP on a range of mandates, including its proposed acquisition of Woolworths’ entire 527-site network of service stations and a network of development sites, as well as the establishment of a long-term convenience partnership and loyalty and rewards alliance. The ACCC Chairman described the deal as the most complex merger review of the year.
Acting on the ACCC clearance of Staples Inc.’s US$6.3 billion global acquisition of Office Depot, Inc (trading in Australia as OfficeMax). Involved a detailed five-month review in which the ACCC defined a market in which the merged firm’s market share exceeded 80%. Unconditional, phase one clearance for this highly contentious transaction was obtained. The transaction did not proceed after Staples failed in a bid to overturn an adverse US Federal Trade Commission decision.