Forum Archive Index - February 2000

[frank.fernandez@xtra.co.nz]

Can anyone shed any light on the happenings with Force today which went up 
12.1% to 0.65 followed by the company issuing a statement to shareholders not 
to sell as it was entering into a merger?

I was under the impression that the merger (if it is the same one) began last 
August when Force, Village Cinemas & Hoyts announced that they were merging 
their operations – albeit in defiance of the Commerce Commision who was then 
intending to challenge the decision in the High Court to stop the group from 
having control of some 75% of the market.
 
Has the Commerce Commission given up the battle, or has the High Court made a 
decision to let the merger go ahead? I can’t see either happening as it was 
only eight years ago that the Commerce Commission denied Hoyts approval (in a 
decision later upheld by the High Court) to take over the Pacer Kerridge group. 
Considering the new coalition government’s averseness to monopolies too, I find 
today’s events quite intriguing.

Does anyone have any information?





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