Rinker Group Limited 02R - Federal Court Decision

The Takeovers Panel notes the decision of the Federal Court in CEMEX Australia Pty Limited v Takeovers Panel [2008] FCA 1572 which was handed down today. This was the judicial review application brought by CEMEX against the decision of the review Panel in Rinker 02R (see TP07/72, TP07/67, TP07/57)

CEMEX's application to the Federal Court was dismissed. The court also ordered that the Panel's orders be stayed for 21 days to enable CEMEX to determine whether it will appeal.

Allan Bulman
Director, Takeovers Panel
Level 47, 80 Collins Street
Melbourne, VIC 3000
Ph: +61 3 9655 3597
allan.bulman@takeovers.gov.au