Remedy Proposal Fantasy proposed merger with Just Energy Inc.

Slides:

Advertisements

Similar presentations

Copyright © 2003 Center for Farm Financial Management, University of Minnesota Marketing Plan Marketing plans typically include: Market/buyer description.

Advertisements

Total Utility Management Services, LLC is committed to helping your organization make the best informed energy decisions with decades of cost-proven results.

LES Standards Focus Group Pilot #1 Standards of Business: Conduct in IP Transactions July 29, 2014 David Ruder, VP Corporate Development, RPX Corporation.

Vincent Nkhoma Manager- Enforcement & Exemptions COMESA Competition Commission.

ICN Merger Working Group Work Product Merger Review Workshop March 10-11, 2009 Taipei.

© Cengage Learning – Purchasing & Supply Chain Management 4 ed ( ) Practice 16. Negotiating techniques and rules of conduct.

Chris Bright BIICL Merger Control Conference 13 November 2008

Project Strive Presentation to the Fantasy Board of Directors Acquisition Analysis 15 November 2008 Strictly Confidential.

Market reviews and Narrowband Internet access Justin Moore Internet Project Manager, Oftel 9 April 2003.

Fantasy/Just Energy Overview of hypothetical case study.

PPP’s IN NIGERIA: Prospects in the Water Sector

Energy and Environmental Competition Case Study The Sixth Annual African Dialogue Consumer Protection Conference Lilongwe, Malawi 8-12 September 2014.

English Welsh & Scottish Railway Holdings Ltd (“EWS”)/ Marcroft Holdings Ltd Adam Land Director of Remedies and Business Analysis Usual disclaimer: Personal.

Session 8: Remedies in Competition Policy Mergers and Unilateral Conduct Fifth Annual African Consumer Protection Dialogue Conference Livingstone, Zambia.

Project Management Process. Project Complexity means that: a team of people are needed to supply expertise the work needs to be broken into manageable.

Buyers: balancing their power? May 22nd 2009 Prepared for British Brands Group Helen Jenkins, Managing Director.

Dr. Andrew S. Joskow Senior Vice President March 28, 2007 Department of Justice/ Federal Trade Commission Hearings on Single-Firm Conduct: Remedies in.

Strategies in Response to the Potential of Electronic Commerce Chapter 12 Jatinkumar Shah.

The Role of Trustees in EC Competition Law Kris BOEYKENS DG COMPETITION EUROPEAN COMMISSION.

Merger Remedies Workshop October 25, 2010 Deborah P. Majoras Chief Legal Officer & Secretary The Procter & Gamble Company.

Mergers & Acquisitions For Managed Service Providers Robert J. Scott Scott & Scott, LLP

The Sixth Annual African Consumer Protection Dialogue Conference

Cristina MARTINETTI BUFFA, BORTOLOTTI & MATHIS DISPUTE RESOLUTION IN M&A TRANSACTIONS WARSAW May 2010 MODEL M&A CONTRACTS OF.

M & A Opportunity for Merger & Acquisition? Opportunity for Merger & Acquisition? Financial Crisis of 2009.

UNITED STATES DEPARTMENT OF JUSTICE ANTITRUST DIVISION David L. Meyer Deputy Assistant Attorney General U.S. Department of Justice Antitrust Division Fix-It-First.

UNIVERSITY OF ECONOMICS IN BRATISLAVA, SLOVAK REPUBLIC 4. New product development and ESI – early supplier involvement.

Chapter 10 10/18/ :45 PM1. Supply Chains And The Value Delivery Network Supply chain Downstream Marketing channels or distribution channels, such.

The Doha Declaration and the Protocol amending the TRIPS Agreement Islamabad, 28 November 2007 Octavio Espinosa WIPO.

BIIC London, 16 November 2007 The new EU merger remedies policy Dr Johannes Luebking Deputy Head of Unit, Directorate C-5, DG Competition The views expressed.

How to assess vertical mergers cast your vote! Miguel de la Mano* Member of the Chief Economist Team DG COMP, European Commission *The views expressed.

Merger Remedies By Kenneth L. Danger Presented at the OECD-Korea Regional Centre for Competition.

Barriers to Entry Brenton Philp Director, Mergers and Asset Sales Branch Australian Competition and Consumer Commission.

Fantasy Just Energy Inc. Merger An Economic Analysis Presented to the Competition Authority 11 March

Acting Director - Policy and Strategy

UNIVERSITY OF ECONOMICS IN BRATISLAVA, SLOVAK REPUBLIC 6. Contract negotiations.

Trends in Retail Competition: Private Labels, Brands and Competition Policy A Symposium on the Role of Private Labels in Competition between Retailers.

INTRODUCTION TO RETAIL BUYING. Definition “that function responsible for obtaining by purchase, lease or other legal means, equipment, materials, supplies.

Regulation of Mergers & Acquisitions Presentation by Magdeline Gabaraane GICC 14 th March

Law Antitrust - Instructor: Dwight Drake Hospital Corp of America v. FTC (7 th Cir. 1987) Basic Facts: Hospital Corp, owner of one hospital in Chattanooga,

1 Market Evolution Program Long-Term Resource Adequacy Regulatory Affairs Standing Committee Meeting May 14, 2003.

Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 6-1 Chapter Six Internal Control in a Financial Statement Audit.

Merger Working Group Workshop March 10-11, 2009 – Taipei, Taiwan Introduction to Merger Investigation and Investigative Planning International Competition.

Capital Business Sales A fresh approach to selling your business efficiently.

Turner Butler UK Turner Butler Success Stories JUST CALL FOR YOUR FREE BUSINESS SALE VALUATION.

© 2004 West Legal Studies in Business, a Division of Thomson Learning 20.1 Chapter 20 Antitrust Law.

Contractual Considerations Relevant to Multi-Jurisdictional Merger Review Prepared by Peter Franklyn Osler, Hoskin & Harcourt LLP Toronto, Ontario for.

EIAScreening6(Gajaseni, 2007)1 II. Scoping. EIAScreening6(Gajaseni, 2007)2 Scoping Definition: is a process of interaction between the interested public,

Shir Consultants Regulation and Market Monitoring in Electricity Markets Dariush Shirmohammadi Shir.

P3 Business Analysis. 2 Section B: Strategic Choices B1. The influence of corporate strategy on an organisation B2. Alternative approaches to achieving.

LDR 300 Week 5 Learning Team Merger Dilemma Paper To purchase this material link Team-Merger-Dilemma-Paper.

Procurement Development Programs

Auditing Concepts.

Round Table on "The challenges in the design of a merger control regime for young and small competition authorities Sixteenth Session of the Intergovernmental.

Lecture 14 agency.

Is your business/venture Feasible?

Massachusetts Electric Restructuring Roundtable

Working with suppliers

BUSINESS SYSTEM OPTION (Bso)AND TECHNICAL SYSTEM OPTION(TSO)

Feasibility Analysis for Multi-Agency Fire Services provided through a Joint Powers Authority and Related Ambulance Study.

Quality Management Systems – Requirements

David Holmes SHARE Systems Manager August 22, 2012

GCLC Lunch Talk Merger Control

The new Regulation and Guidelines on Vertical Restraints

Adriaan Dierx European Commission* 15th Annual ACE Conference 2017

The Government Role in BOT

a. Financing b. Designing c. Construction d. Operating

The Variety of Reports in Business

Accessing Resources for Growth from External Sources

Planning an International Business Contract

Marketing Channels and Supply Chain Management

Presentation transcript:

Remedy Proposal Fantasy proposed merger with Just Energy Inc. Presentation to the National Competition Authority Strictly Confidential

Overview Why the merger is not detrimental A proposal to eliminate concerns What the proposal will achieve A suitable purchaser A way forward

Why the merger is not detrimental A recap on overwhelming evidence: Market should include all functional beverages on any reasonable market definition. Ease of entry Competitors can easily expand Strong countervailing buyer power Significant efficiencies

A proposal to eliminate concerns In the interests of a speedy conclusion we are prepared to divest all relevant parts of the Emerge business : All significant assets used in Emerge supply including relevant trademarks and other IP rights Assignment of retail and wholesale contracts All necessary interim support for transport and production Considerable interest from a very suitable purchaser We are prepared to contemplate sales based consideration to facilitate divestiture.

What the proposal will achieve Restores pre merger structure – in fact a stronger number 2 Enables StarBev to overcome production constraints Preserves majority of merger efficiencies Structure of national energy drink ‘market’ Thrive in Fantasy 66% (no change) Emerge/Star 19% (up from 15%) Pure’s Bom Dia 7-8% (no change) Meta 2% (no change) Tilt/Ever 1% Others 4%

A suitable purchaser StarBev is a very suitable purchaser Strong reputation for the quality of its products and energy drink expertise. Sound financials – deal structure will not stretch Star’s financial capacity. Lack of production capacity has been main constraint on Star – proposal pro competitive –Star can now take its place as a main competitor Intense discussions have established feasibility – Star eager to proceed

A way forward Already in substantive agreement with StarBev regarding substance of divestiture – negotiation of detail now progressing. We have also received strong expressions of interest from other operators. We have made the proposal to progress the merger without delay. Agency approval sought to proposal – disproportionate to require up front buyer given low risks. risks.