Australian Leisure & Hospitality Group Limited 03 - Panel Publishes Reasons

Release number


The Takeovers Panel (the Panel) has today published the reasons for its decision in relation to the application from CMM Hotel & Retail Investments Pty Ltd dated 18 October 2004 alleging unacceptable circumstances in relation to the off-market takeover bid by Bruandwo Pty Limited for all the ordinary shares in Australian Leisure & Hospitality Group Limited.

Details of the Panel’s decision were announced on 22 October 2004 in Panel media release TP04/99, available on the Panel’s website at: Media Releases.

The sitting Panel was Jennifer Seabrook, Ian Ramsay and Elizabeth Alexander AM.

The reasons of the Panel are available on the Panel’s website at: Decisions.

Nigel Morris
Director, Takeovers Panel
Level 47, 80 Collins Street
Melbourne, VIC 3000
Ph: +61 3 9655 3501