Acquirer(s)

  • Gunns Limited

Target(s)

  • ITC Timber Pty Ltd

Market definition

Please see the attached Public Competition Assessment.

Competition analysis

Please see the attached Public Competition Assessment.

Statement of issues

Document title Date
Statement of Issues

Public competition assessment

Document title Date
Public Competition Assessment

Timeline

Date Event

ACCC commenced review under the Merger Review Process Guidelines.

Closing date for submissions from interested parties.

ACCC requested further information from Gunns. ACCC timeline suspended.

Former proposed date for announcement of ACCC's findings, deferred to allow additional time for Gunns to respond to the ACCC's information request of 29 September 2009. ACCC received further information from Gunns. ACCC timeline recommenced.

ACCC published a Statement of Issues outlining preliminary competition concerns. Former proposed date for announcement of ACCC's findings, deferred to allow for submissions relating to Statement of Issues.

ACCC requested further information from Gunns and ITC Timber. ACCC timeline suspended.

ITC Timber responded to the ACCC's information request of 3 November 2009.

Closing date for submissions from interested parties.

Gunns provided a partial response to the ACCC's information request of 3 November 2009.

Gunns provided the balance of information requested by the ACCC on 3 November 2009. ACCC timeline recommenced.

ACCC announced it would oppose the proposed acquisition.

Gunns submitted a revised proposal that did not include the SmartFibre wood chip joint venture asset.

ACCC announced it would not oppose the revised proposed acquisition.