TP07/072
The Takeovers Panel has been served with a Federal Court application dated 26 September 2007 for judicial review of its declaration of unacceptable circumstances and orders in the matter of Rinker Group Limited 02R [2007] ATP 19 (the Application). The Australian Securities and Investments Commission, which brought the initial Panel application, are named as the second respondent.
The Application is by Cemex Australia Pty Ltd, the successful bidder under an off-market takeover bid for Rinker Group Limited, and is made under section 5 of the Administrative Decisions (Judicial Review) Act 1977 (Cth) and section 39B of the Judiciary Act 1903 (Cth).
The Panel has indicated that it will grant a stay in respect of its orders pending the outcome of the Application.
Details of the Panel's declaration and orders have previously been published (see TP07/57, TP07/67).
Alan Shaw
Counsel, Takeovers Panel
Level 47, 80 Collins Street
Melbourne VIC 3000
Ph: +61 3 9655 3535
alan.shaw@takeovers.gov.au
