The Takeovers Panel (the Panel) has today published the reasons for its decision in relation to the application from Pacific Energy Limited dated 14 September 2004 alleging unacceptable circumstances in relation to the off-market takeover bid by Energy World International Limited for all the ordinary shares in Pacific Energy Limited.
Details of the Panel’s decision were announced on 13 October 2004 in Panel media release TP04/92, available on the Panel’s website at: Media Releases.
The sitting Panel was Les Taylor, Graham Bradley and Guy Alexander.
The reasons of the Panel are available on the Panel’s website at: Decisions.
Director, Takeovers Panel
Level 47, 80 Collins Street
Melbourne, VIC 3000
Ph: +61 3 9655 3501