The Takeovers Panel today accepted undertakings in relation to the application dated 28 April 2008 (see TP08/35) by Spotless Investment Holdings Pty Limited, in relation to the affairs of Programmed Maintenance Services Limited. Programmed is the subject of an off-market takeover bid by Spotless.
The Takeovers Panel has received an application from Spotless Investment Holdings Pty Limited, in relation to the affairs of Programmed Maintenance Services Limited. Programmed is the subject of an off-market takeover bid by Spotless.
The Takeovers Panel commenced proceedings on the application by BioProspect (see TP08/22, TP08/23), but has decided not to make a declaration of unacceptable circumstances following the receipt of an undertaking from the Australia and New Zealand Banking Group Limited and one of its subsidiaries.
Following Spotless Investment Holdings Limited (Spotless') agreement to amend its Bidders' Statement, the Panel has declined to conduct proceedings on an application dated 10 April 2008 from Programmed Maintenance Services Limited (Programmed), in relation to the affairs of Programmed. Programmed is the subject of an off‑market takeover bid by Spotless (see TP08/27).
The Takeovers Panel today published the reasons for its decision on an application dated 10 April 2008 from Programmed Maintenance Services Limited (Programmed), in relation to the affairs of Programmed.
The Panel has today declined to commence proceedings, and publishes its reasons for decision, on an application dated 11 April 2008 by Gun Capital Management Pty Limited, Bejjal Pty Limited and Exchange Minerals Pty Limited regarding the affairs of BioProspect Limited (see TP08/28).