Australian Leisure & Hospitality Group Limited 03 - Panel to Conclude Proceedings

The Panel announces that it is prepared to conclude proceedings in response to an application from CMM Hotel & Retail Investments Pty Ltd (CMM) under section 657C of the Corporations Act in relation to the affairs of Australian Leisure & Hospitality Group Limited (ALH) and the current takeover offer by Bruandwo Pty Ltd for ALH.

Australian Leisure & Hospitality Group Limited 03 - Panel Receives Offer Of Undertakings Which Would Resolve Most Concerns

The Panel announces that it has received an offer of two undertakings from Bruandwo Pty Ltd in response to an application from CMM Hotel & Retail Investments Pty Ltd (CMM) under section 657C of the Corporations Act in relation to the affairs of Australian Leisure & Hospitality Group Limited (ALH) and Bruandwo's current takeover offer for ALH.

Skywest Limited 03R

These are the Panel's reasons for making a declaration of unacceptable circumstances and orders requiring, amongst other things, additional disclosure in an off-market takeover bid for ordinary shares in Skywest Limited. The decision is a result of an application by CaptiveVision Capital Ltd for review of the Panel’s decision in the Skywest 03 proceedings. The proceedings in both cases concern the circumstances in which the bidder, CVC, obtained certain, non-public information concerning Skywest which it then failed to disclose in its bidder's statement.
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