The Takeovers Panel has accepted undertakings (Undertakings) from SteriCorp Limited in response to the application from Stericycle Inc dated 19 April 2005. The application alleges that unacceptable circumstances exist in relation to the current rights issue being undertaking by SteriCorp (Rights Issue).

The Takeovers Panel (Panel) advises that it has received an application dated 19 April 2005 from Stericycle Inc (Stericycle) in relation to the affairs of Stericorp Limited (Stericorp).

The Panel announces that it has concluded its proceedings in relation to the application by San Miguel Foods Australia Holdings Pty Ltd (San Miguel) for a declaration of unacceptable circumstances made on 7 March 2005.

The Takeovers Panel (the Panel) has today published the reasons for its decision in relation to an application from Victoria University of Technology received on 15 February 2005 alleging unacceptable circumstances in relation to the affairs of iP3 Systems Limited.

The Takeovers Panel (Panel) has today published the reasons for its decision in relation to an application received from CopperCo Limited dated 9 February 2005 alleging unacceptable circumstances in relation to its takeover offers for all the shares and options in Universal Resources Limited.

The Takeovers Panel (Panel) advises that it has received an application dated 5 April 2005 from Yoplait SAS (Yoplait) and Sodima SAS (Sodima) under subsection 656A(2) of the Corporations Act (Application). The Application seeks review of a decision of the Australian Securities and Investments Commission (ASIC) dated 1 April 2005 not to grant Yoplait and Sodima an exemption from, or modification to, subsection 671B(4) of the Corporations Act (ASIC Decision).

The Panel announces that it has accepted undertakings from Fonterra Foods Pty Limited, Sodima SAS and Yoplait SAS in relation to the application by San Miguel Foods Australia Holdings Pty Ltd (San Miguel) for a declaration of unacceptable circumstances on 7 March 2005. The application concerned a proposed joint venture (the JV) which Fonterra Foods, Yoplait and Sodima announced on 2 March 2005. The JV would be between National Foods Limited and Sodima and may be implemented if Fonterra Foods acquires 100% of the shares in National Foods. In light of the undertaking, the Panel has declined to make a declaration of unacceptable circumstances at this stage.