The Takeovers Panel (Panel) advises that it has received an application dated 7 March 2005 from San Miguel Foods Australia Holdings Pty Ltd (San Miguel) in relation to the affairs of National Foods Limited (National Foods).

The Takeovers Panel (the Panel) has today published the reasons for its decision in relation to the application from Southcorp Limited (Southcorp) regarding the takeover offer by Beringer Blass Wines Pty Limited (Beringer) (a wholly owned subsidiary of Foster's Group Limited (Foster's)) for all the ordinary shares in Southcorp.

The Panel announces that it has accepted an undertaking from Universal Resources Limited (Universal) in relation to the application by CopperCo Limited (CopperCo) under section 657C of the Corporations Act 2001 on 9 February 2005 concerning CopperCo's takeover bids for all of the ordinary shares and options in Universal. In light of the undertaking, the Panel has declined to make a declaration of unacceptable circumstances.

The Panel (Panel) advises that it has received an application dated 15 February 2005 from Victoria University of Technology (VUT) in relation to a rights issue (Rights Issue) being undertaken by iP3 Systems Limited (iP3), a company in which VUT is a 46.6% shareholder.

The Takeovers Panel (the Panel) has today published the reasons for its decision in relation to the application from Lenvat Pty Limited (Lenvat) dated 13 January 2005 regarding Lachlan Farming Limited's (LFL) rights issue.

The Takeovers Panel has today released a final version of its revised Guidance Note 7 on lock-up devices. Minor amendments have been made to the final version in response to comments received when the Panel released a draft for public consultation.

The Panel announces that it has made a declaration of unacceptable circumstances in response to an application from Geoff Woodham Financial Services Pty Ltd (GWFS) under section 657C of the Corporations Act in relation to the affairs of LV Living Limited (LV Living). The Panel has also made final orders and accepted undertakings.

The Takeovers Panel (Panel) advises that it has received an application dated 9 February 2005 from CopperCo Limited (CopperCo) in relation to its takeover offers for all the shares and options in Universal Resources Limited (Universal).