Mergers & Acquisitions Mergers & Acquisitions

Saputo withdraws Australian Lion Dairy & Drinks acquisition proposal

By Laurel Henning
  • 19 Nov 2020 22:18
  • 19 Nov 2020 22:20

Saputo Dairy Australia has withdrawn its proposed acquisition of Japanese-owned Lion Dairy & Drinks, ending a three-week public informal merger review of the deal by Australia’s competition watchdog.
In an update to its dedicated timeline for the deal, the Australian Competition & Consumer Commission, or ACCC, said today that it

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Laurel Henning

Senior Correspondent

Laurel is a senior correspondent specializing in competition law, data privacy and security, in Australia and New Zealand. Laurel reports from Sydney on criminal-cartel legislation and white-collar crime, as well as competition and consumer lawsuits involving companies including Google, Meta Platforms and Apple. While at MLex Laurel has also reported boardroom disputes and shareholder campaigns agitating for changes to company strategy. Laurel joined MLex in 2013 and reported for five years on European energy and climate policies from Brussels. In that time, Laurel covered the regulation of emissions and technological developments pertaining to the energy sector within the EU, as well as the Paris agreement in 2015. A graduate of the University of Liverpool, Laurel studied English and French before beginning a career in journalism with MLex.

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