Date Posted: 5/26/2004
MYOB Limited MYOB/Solution 6 Merger ACCC Condition Satisfied
On 29 March 2004, Solution 6 Holdings Limited (Solution 6) and MYOB Limited (MYOB) announced that they had reached agreement to merge by way of schemes of arrangement. Implementation of the merger was conditional on, amongst other things, the Australian Competition and Consumer Commission (ACCC) notifying MYOB, on terms acceptable to MYOB, that it does not oppose the merger. MYOB made an application to the ACCC for informal clearance of the merger.
MYOB is pleased to announce that it has been informed by the ACCC that its application for informal clearance was successful. Accordingly, the ACCC condition has been satisfied.
For further information please contact: Barry Brott General Manager, Corporate Development Tel: +61 3 9222 9875 E-mail: barry_brott@myob.com.au
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