Godfrey Hirst argues for leave to appeal decision over wool scouring merger

Fiona Rotherham
Tue, 12 Jul 2016

By Fiona Rotherham July 12 (BusinessDesk) - Australian-owned Godfrey Hirst has applied for leave to appeal a High Court decision last month which dismissed an earlier bid to block a merger of New Zealand’s largest wool scouring operations. The Commerce Commission in November approved a plan for Cavalier Wool Holdings (CWH) to acquire New Zealand Wool Services International’s wool scouring business and assets, saying the public benefits would outweigh the substantial loss of competition. The merger has been stayed pending the appeal by God...

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