Aussies Delay Probe Of $36M Virgin-Tiger Merger

Law360, New York (March 8, 2013, 12:09 PM EST) -- Australia’s antitrust regulator on Friday postponed its investigation into Virgin Australia Holdings Ltd.’s proposed $36 million acquisition of Tiger Airways Australia Pty Ltd., saying it needed more information from the two companies.

The delay by the Australian Competition and Consumer Commission came a month after it launched a formal probe into the proposed tie-up, saying at the time that the deal had the potential to create a duopoly in Australian air travel.

The investigation was originally scheduled to wrap up by March 14, but Friday's announcement...
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