Cavalier group would extract 'monopoly rents' if scouring merger allowed, Godfrey Hirst says

Sun, 04 Oct 2015

By Jonathan Underhill Oct. 5 (BusinessDesk) - A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly that would use its market powers to hike prices as much as 25 percent, says carpet maker Godfrey Hirst. The Commerce Commission on Friday released its second draft determination on the merger, maintaining its view that the public benefits would outweigh the loss of competition. The regulator considered the biggest constraint on prices from a merged business c...

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