Stop Purchase - New Zealand - NZ Bus to appeal Mana Bus decision
Wellington,New Zealand -Stuff.co.nz, by SUE ALLEN -14 August 2006: -- New Zealand Bus, an offshoot of Infratil, says it is appealing against a court decision relating to an attempted purchase of Mana Coach Services earlier this year... Problems started for New Zealand Bus, which trades as Stagecoach, in January when it applied to the commission for clearance to buy rival local bus operator Mana Bus... New Zealand Bus later withdrew the application, prompting a Commerce Commission inquiry and an application for an injunction to stop the purchase on the basis it would substantially lessen competition...
posted by Unknown @ 12:14 PM
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