Hancock Seeks Clearance to Bid for Carter Holt Assets

Bloomberg, 14 August 2006Hancock Timber Resource Group, the world's biggest forest investment fund, sought regulatory approval to bid for assets of Carter Holt Harvey Ltd., New Zealand's largest forestry company.The Boston-based fund owns $5.2 billion of forests, including trees it bought in New Zealand from the former Fletcher Challenge estates in 2004. It asked New Zealand's Commerce Commission