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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
09/01/201519:27:18Statement of Changes in Beneficial Ownership (4)
08/21/201519:29:18Statement of Changes in Beneficial Ownership (4)
08/19/201519:53:41Statement of Changes in Beneficial Ownership (4)
08/07/201507:30:41Annual Report (10-k)
08/05/201517:13:45Statement of Changes in Beneficial Ownership (4)
08/05/201517:13:18Statement of Changes in Beneficial Ownership (4)
08/05/201514:53:37Statement of Changes in Beneficial Ownership (4)
07/30/201516:07:56Current Report Filing (8-k)
07/30/201516:05:00ResMed Inc. Announces Results for the Fourth Quarter and Fiscal...
07/30/201516:02:00ResMed Invests in High-Growth Chinese Sleep and Respiratory Care...
07/08/201509:00:00ResMed Acquires CareTouch, a Leader in Resupply Solutions for...
07/02/201516:30:00ResMed to Announce Fourth Quarter and Fiscal Year-End 2015 Results
06/10/201516:05:00The Results Are In: S+ by ResMed Users See Improvement in The...
06/10/201506:32:26Statement of Ownership (sc 13g)
06/05/201519:51:42Statement of Changes in Beneficial Ownership (4)
06/03/201518:44:17Statement of Changes in Beneficial Ownership (4)
06/03/201518:42:37Statement of Changes in Beneficial Ownership (4)
05/27/201517:09:39Specialized Disclosure Report (sd)
05/19/201519:35:18Statement of Changes in Beneficial Ownership (4)
05/13/201515:54:07Why ResMed's Stock Is in the Red Today

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