The Panel has consented to a request by Origin Energy Limited to withdraw its application to the Panel dated 24 July 2008, in relation to its affairs (TP08/81).
The Takeovers Panel has accepted an undertaking from Premier Investments Limited in relation to the application dated 24 July 2008 (see TP08/80) by Just Group Limited in relation to its affairs. Just Group is the subject of an off-market takeover bid by Premier.
The Takeovers Panel received an application on 24 July 2008 from Just Group Limited in relation to its own affairs. Just Group is the subject of an off-market takeover bid by Premier Investments Limited.
The Takeovers Panel has received an application from Origin Energy Limited in relation to its affairs. Origin is the subject of an off-market takeover bid by BG International (AUS) Investments 1 Pty Limited, a wholly owned subsidiary of BG Group plc.
The Takeovers Panel notes that BG International (AUS) Investments 1 Pty Limited has served supplementary and replacement bidder's statements on Origin Energy Limited and lodged the same with ASIC and ASX. BG has not yet despatched these documents to Origin shareholders.
The Panel, Elizabeth Alexander AM (sitting President), Andrew Lumsden and Robert Johanson, declined to conduct proceeding after Emerald provided additional disclosure in its bidder's statement.
The Takeovers Panel advises that it has varied the orders made on 9 July 2008 in relation to the application dated 25 June 2008 from AMP Capital Investors Limited (TP08/72) (Annexure A).
The Panel has declined to conduct proceedings on an application dated 15 July 2008 from GoldLink IncomePlus Limited regarding its affairs (see TP08/75). GoldLink is the subject of a proportional off-market takeover bid by Emerald Capital Limited to acquire 45% of each GoldLink shareholder's shares at $0.23 per share.
The Panel, Geoff Brunsdon, Teresa Handicott and Norman O'Bryan AM SC (sitting President), made a declaration of unacceptable circumstances because aspects of the Strategic Alliance MacarthurCook struck with IOOF, in particular the Placement, constituted frustrating action in relation to AMP's proposed takeover offer for MacarthurCook and had not been approved by MacarthurCook's shareholders.
The Takeovers Panel today published the reasons for its decision on an application dated 25 June 2008 from AMP Capital Investors Limited, in relation to the affairs of MacarthurCook Limited.