The Takeovers Panel has today published the reasons for its decision in relation to an application dated 5 April 2007 from Lionsgate Australia Pty Ltd concerning its takeover bid for all the ordinary shares in Magna Pacific (Holdings) Limited (see TP07/14).

The Takeovers Panel has considered the application from Arrow Taxi Services Limited (Arrow Taxi) dated 1 May 2007 (Arrow Taxi 02 Application) in relation to a proposed takeover bid by Kangaroo Petroleum Co. Pty Limited (KPC and Bid).The background facts leading to the Arrow Taxi 02 Application are set out in the Panel's Media Releases TP07/13 and TP07/20.

The Takeovers Panel advises that it has decided not to commence proceedings in relation to an application from Magna Pacific (Holdings) Limited (see TP07/27).

The Takeovers Panel advises that it received an application last night (Application) by Dolphete Pty Limited (Dolphete), an Australian proprietary company, in relation to the affairs of Becker Group Limited (Becker Group).

The Takeovers Panel has today published the reasons for its decision in relation to an application dated 5 May 2007 from Airline Partners Australia Limited relating to its offer for all the shares in Qantas Airways Limited (see TP07/23).

The Takeovers Panel advises that it has made a declaration of unacceptable circumstances in relation to an application by Areva NC Australia Pty Ltd concerning the affairs of Summit Resources Limited and statements by Paladin Resources Limited (see TP07/21) but has decided not to make orders.

The Takeovers Panel advises that it has received an application today from Magna Pacific (Holdings) Limited, in relation to the affairs of Magna Pacific and an off‑market, cash takeover bid for Magna Pacific by Lionsgate Australia Pty Ltd, a wholly owned subsidiary of Lions Gate Entertainment Inc.