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Gunns Limited (Gunns) have provided the ACCC with an undertaking in relation to its aquisition of North Forest Products on 23 March 2001.
The undertaking:
requires Gunns to make certain pricing and cost information available for five years; and
facilitates greater price transparency within the forestry industry and reduces information asymmetries that may exist between Gunns and private suppliers of hardwood logs.
That undertaking has been varied in the timing of the provision of pricing information following submissions from Gunns.