Patrick Corporation Limited 04
The Panel makes the following statement in relation to an application which the Panel received on Saturday, 8 April 2006 from Toll Holdings Limited.
Patrick Corporation Limited 04 - Panel Receives Application
The Panel advises that it has received an application dated Saturday, 8 April 2006 from Toll Holdings Limited in relation to Patrick Corporation Limited's supplementary target's statement in response to Toll's revised bid and seventh supplementary bidder's statement of 22 March 2006. Toll seeks a declaration of unacceptable circumstances and final orders.
Alinta Limited 01 and 02 Applications
The Takeovers Panel makes this announcement in respect of two applications dated 3 April 2006 (see TP06/33) by The Australian Gas Light Company (AGL) in relation to the bid by Alinta Group Holdings Pty Limited for AGL and the proposed bid by AGL for Alinta.
Rusina Mining NL - Panel Concludes Application
The Takeovers Panel advises that it has decided not to make a declaration of unacceptable circumstances in response to an application dated 14 March 2006 from Rusina Mining NL (see TP06/26).
Patrick Corporation Limited 03 - Panel Decision
The Takeovers Panel advises that, in relation to the application by Patrick Corporation Limited dated 25 March 2006 (see TP06/29), it has declined the part of the application relating to the acceptability of the "Institutional Acceptance Facility" which Toll Holding Limited has established (Acceptance Facility).
Alinta Limited 01 and 02 - Panel Receives Two Applications
The Takeovers Panel advises that it has received two applications dated 3 April 2006 from Australian Gas Light Company (AGL) in relation to AGL's bid for Alinta Limited (Alinta) and the bid by Alinta Group Holdings Pty Limited for AGL.
Patrick Corporation Limited 02
These are the Panel’s reasons for declining to commence proceedings in relation to an application from Patrick which would have required Toll to withhold dispatch of its Seventh Supplementary Bidder’s Statement for two weeks from the date it gave it to Patrick, and to extend the closing date of its bid to a month after the date of dispatch of the Seventh Supplementary Bidder’s Statement. Toll offered the Panel an undertaking to extend the closing date of its offers to at least one month after the date of dispatch of its Seventh Supplementary Bidder’s Statement and to offer a withdrawal right to any Patrick shareholder who had accepted the Toll offer on or prior to the date Toll announced the Seventh Supplementary Bidder’s Statement.
Patrick Corporation Limited 02 - Panel Publishes Reasons
The Takeovers Panel (the Panel) has today published its reasons for decision in relation to an application from Patrick Corporation Limited (Patrick) in relation to a variation of the takeover offer from Toll Holdings Limited (Toll) lodged on 22 March 2006 (see TP06/28).
Rusina Mining NL - Variation of Interim Order
Further to the application made on 14 March 2006 by Rusina Mining NL (Rusina) (see TP06/26) and the interim orders made on 16 March 2006, the Panel advises that it has made a variation to the interim orders (see TP06/27) following an undertaking by New Frontier Investment Limited (New Frontier) to buy in an equivalent number of Rusina shares to replace shares which the Panel allowed to be used to settle the outstanding transactions.
Wattyl Limited - Panel Decision
The Panel advises that it has accepted undertakings from Wattyl Limited and Barloworld Limited in response to the application made by AEP Financial Investments Pty Ltd, a subsidiary of Allco Equity Partners Ltd (see TP06/22). On the basis of the undertakings and the further disclosure, the Panel has declined the application by AEP.