About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Friday, February 12th, 2:23PM
rss
Latest Headlines

Battle for control of Aetna not yet over

Southern Cross's battle for full control of Aetna Health is set to go one more round.

Friday, April 13th 2001, 4:06PM

by Philip Macalister

Southern Cross's battle for full control of Aetna Health is not over yet.

The Commerce Commission has been granted leave to appeal a court decision that allowed Southern Cross to acquire Aetna and keep hold of all of its 40,000 policies.

Late last year the commission approved Southern Cross's purchase of Aetna unit subject to Southern Cross selling all of Aetna's policies. The commission said that Southern Cross, the country's largest health insurer would gain a dominant market position by acquiring its closest rival.

However the High Court in Auckland last month overturned the commission's ruling and said Southern Cross wouldn't have a dominant position as the barriers to entry in the market are very low.

While the commission has been given leave to appeal the court's finding, not hearing date has been set.

You can read Philip's blog here: http://www.goodreturns.co.nz/blog/

« Commission has another go at Southern CrossMoratrium on genetic testing mooted »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Strategy Thoughts
News Bites
Latest Comments
  • Forum attendees agree changes needed
    “To add to my penultimate paragraph, I note the Code Committee in its submission on FAA Review, in pars 15ff, it attempts...”
    23 hours ago by Murray Weatherston
  • Forum attendees agree changes needed
    “Hi Murray I was not at the meeting on Wednesday but a close friend was. From what he told me my impression was that the...”
    23 hours ago by Tash
  • Forum attendees agree changes needed
    “Wake up Life general insurance and mortgage advisers This response is given in my pure personal capacity and does not...”
    1 day ago by Murray Weatherston
  • MBIE rates financial advice as a career
    “I have been wondering when our role as advisers is going to be referred to as a profession. I see in this article MBIE appear...”
    1 day ago by AFA Muggins
  • Time to tackle issue of advice for less wealthy
    “We help them get 5% or 6%....really? Is that net of fees and tax as compared to the 2%? Just what type of assets will these...”
    1 day ago by MPT Heretic
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com