AUSSIE WHOLESALERS' SPLIT PUTS END TO MERGER PLANS

SYDNEY, Australia (FNS) -- An ambitious plan to merge four independent grocery wholesalers in Australia collapsed late last month when two of the major players in the proposed deal split ranks.The break-up of the group came amid mounting concern about a pending Trade Practices Commission report on the proposed deal. Commission approval was required before the merger could be completed.Davids here,

SYDNEY, Australia (FNS) -- An ambitious plan to merge four independent grocery wholesalers in Australia collapsed late last month when two of the major players in the proposed deal split ranks.

The break-up of the group came amid mounting concern about a pending Trade Practices Commission report on the proposed deal. Commission approval was required before the merger could be completed.

Davids here, Australia's largest grocery wholesaler with annual sales of about $2.1 billion

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