These are the Panel’s reasons for concluding proceedings without making a declaration of unacceptable circumstances or final orders. In part the Panel's decision was based on an undertaking by Coopers to give a corrective target's statement to its shareholders correcting a number of misleading statements in Coopers Target's Statement concerning, inter alia the value of Coopers shares.
The Takeovers Panel (the Panel) has today published its reasons for its decisions in relation to the Coopers Brewery Limited 03 and 04 applications and the Coopers 03R and 04R review applications.
The Takeovers Panel advises that it has made a declaration of unacceptable circumstances and final orders in response to an application from Sydney Gas Limited (Sydney Gas), in relation to a takeover offer by Queensland Gas Company Limited (Queensland Gas) for all the shares in SGL (Offer).
The Takeovers Panel advises that it has declined the application by Mr John Hempton, a shareholder in Dromana Estate Limited (Dromana), for review of the decision made by the sitting Panel in the Dromana 01 proceedings in relation to Dromana's current rights issue.
The Takeovers Panel advises that it has received an application from AEF Financial Investments Pty Ltd (AEPFI), a subsidiary of Allco Equity Partners Ltd (together AEP). The application relates to a takeover offer by AEP for all the shares in Wattyl Limited (AEP Offer).
The Takeovers Panel (Panel) advises that it has declined the application by Commander Corporation Pty Limited (Commander), a subsidiary of Commander Communications Limited, in relation to its takeover offer for all the shares in Volante Group Limited (Volante).
These are the Panel’s reasons for not commencing proceedings following the application by Saramac Nominees Pty Ltd for a declaration of unacceptable circumstances in relation to statements made by Pivot Group Pty Ltd regarding its funding proposal for Axiom Properties Limited.
The Takeovers Panel advises that it has made a declaration of unacceptable circumstances, and orders in an application from Schneider Electric Australia Holdings Pty Limited (SEAH) in relation to the affairs of Citect Corporation Limited (Citect).
The Takeovers Panel (the Panel) has today published its reasons for its decision in relation to an application from Saramac Nominees Pty Ltd in relation to the affairs of Axiom Properties Ltd lodged on 17 February 2006 (see TP06/17 and TP06/15).