15:34 AEST Wed Sep 14 2011 Gunns accepts $23m Tas government offer
Timber company Gunns has accepted a $23 million offer from the Tasmanian government to cease logging in the state's native forests.
The state government has been in talks with Gunns to push ahead with the federal government's $276 million forestry restructure.
Premier Lara Giddings said on Wednesday the company had accepted the $23 million offer as well as $11.5 million to resolve the company's debts with Forestry Tasmania.
"The state government has acted on legal and departmental advice that a commercial settlement is the best way to progress the IGA," Ms Giddings said, referring to the intergovernmental agreement on Tasmania's forests.
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