CSR sale approved

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CSR sale approved

Postby 666HARPS666 » Fri Nov 12, 2010 9:31 pm

G'day , The Australian Foreign Investment Review Board has approved the sale of a Great Australian company " CSR " a Singapore based company .
This follows the sale of Golden Circle to USA , P&N to Japan

Lets hope the ACCC stops this madness
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Re: CSR sale approved

Postby rcon » Fri Nov 12, 2010 9:33 pm

Quick question, should they stop Australian companies buying foreign companies? :?

Just sayin' :D
"Please, my Leftie friends. On no possible definition does cutting someone’s tax rate constitutute ‘giving’ them money."

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Re: CSR sale approved

Postby 666HARPS666 » Fri Nov 12, 2010 9:48 pm

rcon wrote:Quick question, should they stop Australian companies buying foreign companies? :?

Just sayin' :D

When that company controls over 75% of all Australian sugar YES
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Re: CSR sale approved

Postby rcon » Fri Nov 12, 2010 10:08 pm

Then the ACC obviously won't stop an overseas sale.

Maybe the FIRB might, but if the ACC has allowed one company to obtain 75% of the market, they aint going to start caring now.
"Please, my Leftie friends. On no possible definition does cutting someone’s tax rate constitutute ‘giving’ them money."

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Re: CSR sale approved

Postby 666HARPS666 » Fri Nov 12, 2010 10:15 pm

rcon wrote:Then the ACC obviously won't stop an overseas sale.

Maybe the FIRB might, but if the ACC has allowed one company to obtain 75% of the market, they aint going to start caring now.


Re-Read OP
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Re: CSR sale approved

Postby rcon » Fri Nov 12, 2010 10:27 pm

haha - good point. I'm not used to seeing it in full :P

What is the ACCC going to do about it?

Any relevant links?
"Please, my Leftie friends. On no possible definition does cutting someone’s tax rate constitutute ‘giving’ them money."

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Re: CSR sale approved

Postby 666HARPS666 » Fri Nov 12, 2010 10:35 pm

Has too also be past by them , The 3rd stage of selling a big Aussie company .
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Re: CSR sale approved

Postby rcon » Fri Nov 12, 2010 11:24 pm

even if it doesn't further consolidate the market? I was always under the impressing they upheld the trade practices act. I have been wrong before (or not read a post properly :D)
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Re: CSR sale approved

Postby Sinitster » Sat Nov 13, 2010 12:56 am

P & N ... great fizzy ;)
When choosing between the 2 evils , I like to choose the 1 i haven't tried yet !
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Chips are like burley , ya need to spread a little around to attract the fishies ...


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