Dye & Durham's acquisition of GlobalX not opposed : vimarsan

Dye & Durham's acquisition of GlobalX not opposed


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Dye & Durham’s acquisition of GlobalX not opposed
The ACCC will not oppose the proposed acquisition of GlobalX Information Pty Ltd (GlobalX) by Dye & Durham Corporation (Dye & Durham), finding the transaction will not substantially lessen competition.
Dye & Durham and GlobalX are both information brokers that provide company, property and personal searches to a range of customers such as conveyancers, law firms, banks and direct to consumers. They also provide conveyancing software and manual property settlement services.
“We examined the proposed acquisition carefully as it would combine two of the five major information brokers in Australia,” ACCC Commissioner Stephen Ridgeway said.

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