Antitrust Regulator Blocks Caltex Australia Acquisition of Retail Sites

摘要

Caltex Australia's planned A$300 million (US$276 million) acquisition of 302 fuel retail sites from Exxon Mobil will be blocked by the national antitrust regulator, which found the deal to "substantially lessen" competition in fuel supply. Deutsche Bank immediately downgraded the stock to "sell," citing a "severely challenged" outlook for the company.