National Can Industries 01(R) - Panel Publishes Reasons
The Takeovers Panel has today published the reasons for the decision of the Review Panel in the proceedings (the Proceedings) relating to National Can Industries Limited (NCI).
These are our reasons for declining to commence proceedings in relation to an Application by Grand Hotel Group under section 657C of the Corporations Act 2001 (Cth) for a declaration of unacceptable circumstances under section 657A and associated interim and final orders respectively under sections 657E and 657D.