Panel Publishes Reasons in Relation to Realestate.com.au Ltd Decision

The Takeovers Panel has published its reasons for its decision to declare that unacceptable circumstances existed in relation to a takeover bid by two companies associated with RP Data Ltd (RP Data) for all the shares in Realestate.com.au Ltd. The declaration was made on 23 January 2001 in response to an application from the Australian Securities and Investments Commission made on 30 November, 2000.