An application under sections 657A and 657D of the Corporations Law by Brickworks Limited for a declaration of unacceptable circumstances and orders concerning a takeover bid by GPG (No. 4) Pty Ltd for all of the ordinary shares in Brickworks Limited
These are our reasons for our decision to refuse the application under sections 657A, 657D and 657E of the Corporations Law by De Beers Australia Holdings Pty Ltd (De Beers) for an interim order and a declaration and final orders in relation to Ashton Mining Limited (Ashton)
The Takeovers Panel today published its reasons for not making a declaration of unacceptable circumstances or remedial orders in relation to the bid by GPG (No. 4) Pty Ltd for Brickworks Limited. Brickworks applied to the Panel on 5 September, 2000. The Panel released its decision on 28 September, 2000.
The members of the sitting Panel were Les Taylor (sitting President), Marian Micalizzi (deputy President) and Louise McBride.
These are our reasons for our decision to refuse the application under section 657A and 657D of the Corporations Law by Mirvac Funds Limited (Mirvac) for a declaration and orders in relation to Advance Property Fund (Advance).
The Takeovers Panel today released its reasons for its decision not to make a declaration of unacceptable circumstances in relation to the affairs of Advance Property Fund (Advance ). The decision was in response to an application by Mirvac Funds Limited (Mirvac ) on 18 September 2000 for such a declaration.
The members of the sitting Panel are Ian Ramsay (sitting President), Alice McCleary (deputy President) and Jennifer Seabrook.
The Panel announced its decision, and the basis of its decision, on 28 September, 2000.
The Takeovers Panel today released its reasons for its decision of 24 August 2000 not to make a declaration of unacceptable circumstances in relation to the affairs of Brickworks Ltd and in relation to the affairs of Washington H Soul Pattinson & Company Ltd (Soul Pattinson). The decision was in response to an application by GPG (No 4) Pty Ltd on 4 August 2000, for such a declaration.
The Takeovers Panel advises that it will not make a declaration of unacceptable circumstances in relation to the affairs of Ashton Mining Limited in response to an application made by De Beers Australia Holdings Pty Ltd. on Friday, 29 September.
The Panel has also declined to make any interim order under section 657E of the Corporations Law restraining Rio Tinto from dispatching its bidder's statement to Ashton shareholders.
The Takeovers Panel advises that it has received an application on 27 September 2000 by shareholders of St Barbara Mines Limited for a declaration of unacceptable circumstances in relation to the proposed merger of St Barbara and Taipan Resources NL which was announced on 13 June 2000. Under the proposed scheme of arrangement each St Barbara shareholder (other than Taipan) will receive three Taipan shares for each St Barbara share held. Similar terms will be offered to St Barbara optionholders.
The Takeovers Panel advises that it has received an application by De Beers Australia Holdings Pty Ltd for a declaration of unacceptable circumstances in relation to the affairs of Ashton Mining Limited.
De Beers has applied for an interim order under section 657E of the Corporations Law to restrain Rio Tinto from dispatching its bidder's statement to Ashton shareholders until it is amended.
De Beers alleges that the following circumstances constitute unacceptable circumstances in relation to the affairs of Ashton:
The Takeovers Panel today resolved not to make a declaration of unacceptable circumstances or remedial orders in relation to the bid by GPG (No. 4) Pty Ltd (GPG ) for Brickworks Limited (Brickworks ), on the application of Brickworks.
The members of the sitting Panel are Les Taylor (sitting President), Marian Micalizzi (deputy President) and Louise McBride.