Vision Systems Limited – Panel Declines to Commence Proceedings

The Takeovers Panel (Panel) advises that it has declined to commence proceedings in response to an application (Application) received from Ventana Medical Systems, Inc. (Ventana) dated 3 October 2006 in relation to the affairs of Vision Systems Limited (Vision) (TP06/98) and, in particular, pre-bid agreements entered into between Cytyc Victoria LLC (Cytyc), a bidder for Vision, and various shareholders of Vision to accept Cytyc' takeover offer in relation to 13.5% of Vision.

GasNet Australia Limited

These are the Panel's reasons for its decision to consent to GasNet Australia Investment Limited withdrawing its application to the Panel dated 11 July 2006. The application was for a declaration of unacceptable circumstances under section 657A and associated interim and final orders respectively under sections 657E and 657D.

Australian Pipeline Trust 01R

These are the Panel's reasons for making a declaration of unacceptable circumstances and final orders in relation to an application by Australian Pipeline Trust under sections 656A and 657C of the Corporations Act 2001 (Cth) into its affairs. Alinta Ltd sought review (under section 657EA) of the decision by the initial Panel in relation to APT's application.