Which reasons were cited by the Tribunal to dismiss the case of the merger involving Clover SA (Pty) Ltd applying to take over the Milk Procurement Business of Dairy Farmers of South Africa (Pty) Ltd?

1. The Tribunal found that the merger would not substantially prevent or lessen competition in the relevant market.

2. The Tribunal determined that the merger would not result in the removal of an effective competitor from the market.

3. The Tribunal concluded that the merger would not result in the creation or strengthening of a dominant position in the market.

4. The Tribunal found that the merger would not result in any public interest concerns that would outweigh the competition concerns.

The Tribunal cited the following reasons for dismissing the case of the merger involving Clover SA (Pty) Ltd applying to take over the Milk Procurement Business of Dairy Farmers of South Africa (Pty) Ltd:

- The merger would result in a substantial lessening of competition in the milk procurement market. Clover is the largest dairy processor in South Africa, and Dairy Farmers is the largest milk producer in the country. The merger would have given Clover control over a large share of the milk supply in South Africa, which would have allowed it to raise prices and reduce competition in the market.
- The merger would create barriers to entry for new entrants into the milk procurement market. Clover's control over the milk supply would have made it difficult for new entrants to enter the market and compete with Clover. This would have further reduced competition in the market and led to higher prices for consumers.
- The merger would not be in the public interest. The Tribunal found that the merger would not benefit consumers or the economy as a whole. It would have led to higher prices for consumers, reduced competition in the market, and created barriers to entry for new entrants.