Gunns Limited - proposed acquisition of ITC Timber Pty Ltd

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

Public competition assessment

Document title Date

Timeline

DateEvent
14/09/2009ACCC commenced review under the Merger Review Process Guidelines.
25/09/2009Closing date for submissions from interested parties.
29/09/2009ACCC requested further information from Gunns. ACCC timeline suspended.
14/10/2009Former 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.
28/10/2009ACCC 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.
03/11/2009ACCC requested further information from Gunns and ITC Timber. ACCC timeline suspended.
09/11/2009ITC Timber responded to the ACCC's information request of 3 November 2009.
11/11/2009Closing date for submissions from interested parties.
12/11/2009Gunns provided a partial response to the ACCC's information request of 3 November 2009.
16/11/2009Gunns provided the balance of information requested by the ACCC on 3 November 2009. ACCC timeline recommenced.
25/11/2009ACCC announced it would oppose the proposed acquisition.
26/11/2009Gunns submitted a revised proposal that did not include the SmartFibre wood chip joint venture asset.
27/11/2009ACCC announced it would not oppose the revised proposed acquisition.