MENU

ACCC extends review of the Myob Group Ltd and Reckon Limited tie-up

The Australian Competition and Consumer Commission (ACCC) and its New Zealand counterpart the NZCC have extended their review periods for the proposed $180 million acquisition of Reckon Limited (ASX: RKN) by Myob Group Ltd (ASX: MYO). Both decisions are expected to be finalised on 21 June 2018 according to an announcement issued by MYOB.

The ACCC has previously highlighted concerns that if the proposed acquisition were allowed to proceed, it could significantly reduce competition in the market place which would be to the detriment of consumers.

This wouldn’t be bad news for Myob shareholders though. A dominant market share with a product that is difficult to switch each year could significantly increase profitability.

My preferred accounting software pick however is still Xero Limited (ASX: XRO). I think the product is more user friendly and I think the company has better growth prospects. I’d also love a piece of these three revolutionary shares.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor Kevin Gandiya has no position in any of the stocks mentioned.

You can follow Kevin on Twitter @KevinGandiya. The Motley Fool Australia owns shares of Xero. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!