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BRIEF-ACCC Says To Consult On Proposed Undertakings By Woolworths For Deal With PFD Food Services

Published 11/05/2021, 09:33 am
Updated 11/05/2021, 09:36 am
© Reuters.

May 11 (Reuters) - Australian Competition and Consumer Commission:

* ACCC CONSULTS ON PROPOSED WOOLWORTHS UNDERTAKING FOR PFD

* SEEKING VIEWS ON PROPOSED UNDERTAKING IN RELATION TO WOOLWORTHS' PROPOSED ACQUISITION OF 65 PER CENT OF PFD

* WOOLWORTHS, PFD OFFERED DRAFT BEHAVIOURAL UNDERTAKING TO MAINTAIN SEPARATION & INDEPENDENCE BETWEEN COS FOR 3 YRS AFTER DEAL

* PROPOSED UNDERTAKING WOULD PLACE OBLIGATIONS ON PFD'S BOARD AND GOVERNANCE STRUCTURE

* PROPOSED UNDERTAKING WOULD IMPOSE CONFIDENTIALITY PROTOCOLS REGARDING CERTAIN SUPPLIER INFORMATION FOR PFD

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