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Australia Pumps Brakes On $1.6B Automotive Tie-Up

By Anne Cullen (June 24, 2019, 6:04 PM EDT) -- Australia's two biggest automotive retailers hit a speed bump in their bid to merge, as the country's competition authority said Monday that the pair's proposed AU$2.3 billion ($1.6 billion) tie-up may put too many dealerships and car brands in the same hands, and it wants stakeholders to weigh in. ...

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