Merger Notification - Announcement according to § 10 Cartel Act
Voxx International Corporation; Premium Audio Company, LLC; NewCo; Sharp Corporation
BWB/Z-5533
On 14.07.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Premium Audio Company, LLC (US) and Sharp Corporation (Japan) entered into a definitive agreement to acquire, through V and S Ventures K.K. (a newly established Japanese stock corporation to be operated by Premium Audio Company, LLC [75%] and Sharp Corporation [25%]), the assets of the home entertainment business from Onkyo Home Entertainment Corporation (Japan), a Japanese listed company engaged in the design, manufacture and sale of audio and electronics equipment, byway of an assets acquisition transaction. Premium Audio Company, LLC will acquire(indirectly) sole control over the target business.
Affected Industry Sector: Production of goods
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 11.08.2021.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 12.08.2021 .