watch
Wesfarmers' (ASX:WES) plans to bid up to $1 billion for Burrup Fertilisers has come under questioning by the Australian Competition & Consumer Commission (ACCC). The competition watchdog has asked for market comments on the proposed bid.
The ACCC suggested that Wesfarmers may eliminate competitors with the buy, but has cleared rival bidder Orica to proceed with a bid at Burrup. Burrup fell into receivership in December 2010.
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