Speaking with the head of MG's legal team from Freehills yesterday he said,
"Don't worry, it is the ACT conducting this hearing, not the ACCC. The ACT would likely be p....d off that the ACCC have not got their sh..t together for their submission yet."
ACCC merely looking at competition. ACT can override this on public benefit. Judge yesterday said that out of the 31 submissions to the ACT, there is "very little evidence as to why the merger should not go ahead."
WCB Price at posting:
$9.13 Sentiment: None Disclosure: Held