Update on Wakeling Automotive Acquisition
Open PDF
| Stock | Peter Warren Automotive Holdings Ltd (PWR.ASX) |
|---|---|
| Release Time | 12 Jun 2026, 4:46 p.m. |
| Price Sensitive | Yes |
This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA.
The summaries are generated by large language models so please interpret with care.
Peter Warren Updates on Wakeling Automotive Acquisition
Key Points
- ACCC to proceed with Phase 2 review
- Peter Warren to submit new Phase 1 application
- Original ACCC application withdrawn
Full Summary
Peter Warren Automotive Holdings Limited (ASX: PWR) provides an update on the Australian Competition and Consumer Commission's (ACCC) review of the proposed acquisition of Wakeling Automotive. The ACCC has advised that it will proceed to a Phase 2 review. Peter Warren has considered the Phase 2 review process and the ACCC's position. The company has met with Wakeling Automotive vendors to discuss the acquisition. Peter Warren intends to submit a new Phase 1 application with a remedy proposal to the ACCC. The original ACCC application has been withdrawn, and it will no longer proceed to a Phase 2 review. Peter Warren looks forward to progressing the transaction and will provide further updates when appropriate.
Sign in to get more information about the company, including guidance changes and other insights.
Sign In