Godfrey Hirst to challenge High Court ruling that rejected its appeal against scouring merger

Wed, 22 Jun 2016

By Jonathan Underhill June 23 (BusinessDesk) - Godfrey Hirst, the Australian carpet maker, has sought leave of the High Court to challenge its June 8 ruling that dismissed an appeal against a merger of New Zealand's wool scouring operations that would give rival Cavalier Corp a monopoly in the domestic industry. The High Court this month rejected Godfrey Hirst's appeal against the merger, which was approved by the Commerce Commission in November. The regulator had signed off on a plan for Cavalier Wool Holdings to acquire New Zealand Wool...

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