Sumitomo Forestry Company Limited - proposed acquisition of certain assets of Carter Holt Harvey Limited's Woodproducts Australia business

Type of assessment

Informal Review

Reference

30381

Acquirer(s)

Sumitomo Forestry Company Limited

Target(s)

Carter Holt Harvey Limited

Industry

Timber building supplies

Summary

Sumitomo propose to acquire certain assets of Carter Holt Harvey Limited's Woodproducts Australia business.

Outcome of assessment

Opposed

Total review days *

Commenced public review

30^th November 2007

Date completed

27^th February 2008

Competition analysis

For the ACCC's competition analysis, please refer to the Public Competition Assessment.

Public competition assessment

Statement of issues

Related media releases

ACCC to oppose proposed acquisition of Carter Holt Harvey's assets by Sumitomo
The Australian Competition and Consumer Commission will oppose the proposed acquisition of certai...
Issued: 27^th February 2008 Release # MR 046/08

Review timeline

Date	Event
30^th November 2007	ACCC commenced review under the Merger Review Process Guidelines.
14^th December 2007	Closing date for submissions from interested parties.
18^th December 2007	ACCC requested further information from Sumitomo. ACCC timeline suspended.
11^th January 2008	ACCC received further information from Sumitomo. Sumitomo indicated intention to provide additional information to the ACCC.
16^th January 2008	ACCC published a Statement of Issues outlining preliminary competition concerns.
23^rd January 2008	Former proposed date for announcement of ACCC's findings, amended to allow for provision of additional information from Sumitomo, and receipt of responses to Statement of Issues.
30^th January 2008	Closing date for submissions relating to Statement of Issues. ACCC received additional information from Sumitomo. ACCC timeline recommenced.
31^st January 2008	ACCC timeline suspended pending receipt of additional information from the merger parties. Former proposed date for announcement of ACCC's findings of 13 February 2008, amended to 27 February 2008 to allow for receipt of additional information.
27^th February 2008	ACCC announced it would oppose the proposed acquisition.

* Total Review days = Total business days less public holidays and time during which the review was suspended.

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