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AI summary
The Competition Commission of South Africa has amended its Guideline on Small Merger Notification and invited public comments on the proposed changes. The notice sets out when the Commission says it must be informed about certain small mergers and share acquisitions, and describes the information parties should provide.
This may be relevant to businesses and advisers dealing with merger control, especially in relation to small mergers and share acquisitions.
Evidence from source
INVITATION FOR THE PUBLIC TO COMMENT ON THE AMENDMENT OF THE SMALL MERGER GUIDELINES
Supports: The notice invites public comments on the amended small merger guidelines.
comments regarding the proposed changes to the guidelines on small merger notification, within a period of 30 days from publication of this notice
Supports: The notice describes the comment period and subject matter.
The Commission will require that it be informed of all small mergers and share acquisitions where the acquiring firm’s turnover or asset value alone exceeds the large merger combined asset/turnover threshold (currently R9.5 billion).
Supports: The notice sets out one of the criteria described in the amended guideline.