Sumitomo Forestry Company Limited - proposed acquisition of certain assets of Carter Holt Harvey Limited's Woodproducts Australia business

Acquirer(s)

  • Sumitomo Forestry Company Limited

Target(s)

  • Carter Holt Harvey Limited

Summary

Sumitomo propose to acquire certain assets of Carter Holt Harvey Limited's Woodproducts Australia business.

Competition analysis

For the ACCC's competition analysis, please refer to the Public Competition Assessment.

Statement of issues

Document title Date

Public competition assessment

Document title Date

Timeline

DateEvent
30/11/2007ACCC commenced review under the Merger Review Process Guidelines.
14/12/2007Closing date for submissions from interested parties.
18/12/2007ACCC requested further information from Sumitomo. ACCC timeline suspended.
11/01/2008ACCC received further information from Sumitomo. Sumitomo indicated intention to provide additional information to the ACCC.
16/01/2008ACCC published a Statement of Issues outlining preliminary competition concerns.
23/01/2008Former proposed date for announcement of ACCC's findings, amended to allow for provision of additional information from Sumitomo, and receipt of responses to Statement of Issues.
30/01/2008Closing date for submissions relating to Statement of Issues. ACCC received additional information from Sumitomo. ACCC timeline recommenced.
31/01/2008ACCC timeline suspended pending receipt of additional information from the merger parties. Former proposed date for announcement of ACCC's findings of 13 February 2008, amended to 27 February 2008 to allow for receipt of additional information.
27/02/2008ACCC announced it would oppose the proposed acquisition.