OneSteel Limited - proposed acquisition of Smorgon Steel Group Limited
Type of assessment
Informal Review
Reference
24640
Acquirer(s)
OneSteel Limited
Target(s)
Smorgon Steel Group Limited
Industry
Steel and steel products
Outcome of assessment
Withdrawn
Total review days *
68
Commenced public review
26th June 2006
Date completed
5th February 2007
Statement of issues
Statement of Issues 14th August 2006 D06+53953.pdf (162.8 KB)
Undertakings
Draft 87B undertakings proposed by OneSteel and Smorgon 26th June 2006 D06+40197.pdf (311.3 KB)
Review timeline
Date
Event
26th June 2006
ACCC commences assessment under Merger Review Process Guidelines
27th June 2006
ACCC commences market inquiries
7th July 2006
ACCC requested further information from OneSteel
11th July 2006
Closing date for submissions for the first round of market inquiries
17th July 2006
ACCC received further information from OneSteel in response to request of 7 July 2006
28th July 2006
ACCC requested further information from OneSteel
7th August 2006
ACCC received further information from OneSteel in response to request of 28 July 2006
14th August 2006
ACCC released a Statement of Issues in relation to the proposed acquisition
23rd August 2006
Closing date for submissions in response to the Statement of Issues
1st September 2006
Proposed announcement of ACCC findings delayed at request of OneSteel to enable more time for OneSteel to respond to the ACCC's Statement of Issues (please see related media release)
19th September 2006
Pause in ACCC process extended until further notice
5th February 2007
Request for informal clearance of proposed acquisition withdrawn
* Total Review days = Total business days less public holidays and time during which the review was suspended.
