Appointment of Panel Members
The Panel welcomed the announcement by the Treasurer, the Hon Peter Costello MP, of the reappointment of nine members to the Takeovers Panel and the appointment of seven new members to the Panel.
National Foods Limited - Panel Receives Application
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).
Southcorp Limited
These are the Panel’s reasons for concluding proceedings without making a declaration of unacceptable circumstances and orders concerning the affairs of Southcorp Limited.
Southcorp Limited - Panel Publishes Reasons
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.
Universal Resources Limited - Panel Accepts Undertakings and Declines to Make a Declaration
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.
iP3 Systems Limited - Panel Receives Application
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.
Lachlan Farming Limited 02
These are the Panel’s reasons for making a declaration of unacceptable circumstances and orders in relation to a proposed acquisition by Lenvat Pty Ltd of a shortfall under a rights issue conducted by Lachlan Farming Ltd.
Lachlan Farming Limited 02 - Panel Publishes Reasons
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.
Panel Releases Revised Guidance Note 7 - Lock-Up Devices
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.
LV Living Limited - Panel Makes Declaration of Unacceptable Circumstances and Final Orders and Accepts Undertakings
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.