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Australia ACCC: ResMed Accepts Undertaking On Retail Price Maintenance

SYDNEY -(Dow Jones)- Sleep disorder device company ResMed Inc. (RMD.AU) has agreed to revise its internal fair-trading checks following an investigation of price-fixing by Australia's competition regulator. The Australian Competition and Consumer Commission said Tuesday it had investigated the company over whether it was telling accredited retailers that it would stop supplying its products if they sold them at less than a price specified by ResMed, a practice known as retail price maintenance. "The ACCC is concerned that between March and June 2009 ResMed is likely to have engaged in retail price maintenance," the ACCC said in a statement. ResMed has accepted a court-enforceable undertaking to write to its accredited retailers telling them they are free to set their own prices, and to amend its compliance program for Australian trade practices law, the ACCC said. ResMed did not immediately respond to a call for comment. -By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com

Stock News for Resmed (RMD)
DateTimeHeadline
04/27/201504:19:26Goldman Sachs Downgrades ResMed to Neutral (RMD)
04/26/201503:53:59ResMed Stock Rating Reaffirmed by Canaccord Genuity (RMD)
04/24/201513:39:07Why ResMed Inc. Shares Are Getting Clobbered
04/24/201510:37:58ResMed Price Target Increased to $66.00 by Analysts at BMO Capital...
04/24/201507:43:56Macquarie Lowers ResMed to Neutral (RMD)
04/23/201516:07:08Current Report Filing (8-k)
04/23/201516:05:00ResMed Inc. Announces Results for the Third Quarter of Fiscal...
04/17/201512:09:54Statement of Changes in Beneficial Ownership (4)
04/08/201518:21:30Statement of Changes in Beneficial Ownership (4)
04/08/201518:20:37Statement of Changes in Beneficial Ownership (4)
04/03/201519:02:42Statement of Changes in Beneficial Ownership (4)
04/03/201518:58:38Statement of Changes in Beneficial Ownership (4)
04/02/201516:30:00ResMed To Announce Third Quarter 2015 Results
04/02/201516:30:00ResMed To Announce Third Quarter 2015 Results
03/24/201516:10:37Statement of Changes in Beneficial Ownership (4)
03/24/201516:02:10Amended Statement of Changes in Beneficial Ownership (4/a)
03/12/201509:00:00ResMed to Present New Data on Sleep-Disordered Breathing in Patients...
03/12/201509:00:00ResMed to Present New Data on Sleep-Disordered Breathing in Patients...
03/12/201509:00:00ResMed to Present New Data on Sleep-Disordered Breathing in Patients...
03/12/201509:00:00ResMed to Present New Data on Sleep-Disordered Breathing in Patients...

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