New Forests Asset Management managed forestry investment fund’s proposed acquisition of Resource Management Service LLC’s Tasmanian Hardwood Plantations

Acquirer(s)

  • New Forests Asset Management

Target(s)

  • Resource Management Service LLC's Tasmanian Hardwood Plantation

Summary

A forestry investment fund managed by New Forests Asset Management proposes to acquire the hardwood plantation assets of Resource Management Service LLC.

Statement of issues

Document title Date

Timeline

DateEvent
17/07/2019ACCC commenced informal review under the Informal Merger Review Process Guidelines.
05/08/2019Closing date for submissions.
26/09/2019ACCC published a Statement of Issues outlining preliminary competition concerns.
10/10/2019Closing date for submissions relating to Statement of Issues.
18/10/2019Following notification by the merger parties that the vendor is proceeding with another bidder, the ACCC has discontinued this review.