In Takeovers Panel media release 90/2003 on 24 September, the Panel advised the status of an application (the Application) from BreakFree Limited (BreakFree) pursuant to section 657A of the Corporations Act 2001 (Cth) (the Act) for a declaration of unacceptable circumstances in relation to an amended bidder's statement (the Bidder's Statement) by S8 Limited (S8) concerning its takeover bid for BreakFree.

The Panel has received an application from Grand Hotel Group dated 30 September 2003 alleging unacceptable circumstances in relation to a meeting of Grand Hotel Trust (GHT) members which has been called by Parker Global Strategies LLC for 22 October 2003.

The Panel today released for public comment a draft Guidance Note on mergers of listed unit trusts and other listed managed investment schemes.

The Panel has today published the reasons for its decision in the BreakFree 02 proceedings (the Proceedings).

The Takeovers Panel advises that it has decided not to conduct proceedings with respect to the application made by Hillgrove Gold Limited (HGO) in relation to Selwyn Mines Limited (SLN).

In Takeovers Panel media release 85/2003 (a copy of which is available at ), the Panel advised that it had received an application from BreakFree Limited (BreakFree) pursuant to section 657A of the Corporations Act 2001 (Cth) (the Act) for a declaration of unacceptable circumstances in relation to an amended bidder's statement (the Bidder's Statement) by S8 Limited (S8) concerning its takeover bid for BreakFree.

The Panel has today published the reasons for its decision in the proceedings (the Proceedings) relating to Trysoft Corporation Limited (Trysoft).

The sitting Panel has decided to make no declaration or order in relation to the application by Westchester Financial Services Pty Ltd regarding the meeting of AuIron Energy Limited to seek approval by AuIron shareholders of the acquisition by AuIron of the Yarrabee Coal Company Pty Ltd, in exchange for a substantial interest in AuIron.