Bendigo & Adelaide Bank's investment challenge suggests scale could be crucial to taking it to the big four. Meanwhile Brambles is seeing costs rise, and GWA is seeing a lag until housing construction jumps again.
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While better legal minds than ours sift through the Federal Court’s decision to allow the merger of TPG Telecom and Vodafone Hutchison Australia, a few M&A lawyers will be considering what the court’s view on competition being a question of quality rather than quantity might mean for other deals.
If, as Justice John Middleton implied in the TPG case, three strong competitors might actually be better than four, then how might that apply to say, banking?
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Original URL: https://www.afr.com/markets/equity-markets/why-a-bendigo-boq-merger-makes-sense-brambles-inflation-problem-20200217-p541jw
