ACCC requires "clean break" between Toll Logistics and infrastructure companies.

0 Comments | M2 Presswire, April, 2007

M2 PRESSWIRE-18 April 2007-ACCC: ACCC requires "clean break" between Toll Logistics and infrastructure companies(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:17042007 The Australian Competition and Consumer Commission has decided to consent to a variation to Toll Holdings' undertakings in connection with a proposed restructure of Toll's business that requires Toll make a clean break of its logistics and infrastructure assets into two separate and unrelated companies, ACCC Chairman, Mr Graeme Samuel, said today.

Toll offered the original undertakings to the ACCC in March 2006 in connection with Toll's takeover of Patrick Corporation. The original undertakings are designed to address the ACCC's competition concerns with that transaction. Under the variation...