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.

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.