WARNING: This article is heavily laced with opinions and is not suitable for consumption by those who are sensitive to strong views…
At the end of March, the ACCC released its preliminary findings into the proposed acquisition of Reckon’s Accountant’s division by MYOB.
2 documents were released:
- A media release dated March 29, 2018, titled “ACCC CONCERNED WITH MYOB ACQUISITION OF RECKON ASSETS“
- A Statement of Issues dated March 29, titled “MYOB – proposed acquisition of Reckon’s Accountants Group“
In short, I find the media release ridiculous, poorly worded and off-point. The Statement of Issues, whilst not without some substance, shows a lack of genuine investigation, understanding of competition and technical wherewithal.