Iress has received the competition authority’s green light for the acquisition of OneVue.
Iress announced to the Australian Securities Exchange (ASX) that it had been informed by the Australian Competition and Consumer Commission (ACCC) that the competition regulator would not be opposing the acquisition.
Confirmation of the ACCC’s position followed distribution of the scheme booklet for the acquisition late last week.
The board of OneVue is recommending acceptance of the Iress offer by shareholders.
