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

Status: 
Completed
Outcome: 
Withdrawn on 18 October 2019
Industry: 
Forestry
Commenced: 
17 July 2019
Total review days: 
66 days

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
Statement of Issues ( PDF 549.71 KB ) 26 Sep 2019

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.