Due to Unfulfilled Defeating Condition in Simon Gilbert Wines' Bid for Vincorp Wineries, the Panel Consents to Withdrawal of Undertakings and Dismisses Vincorp's Application

The Takeovers Panel yesterday dismissed the application made by Vincorp Wineries Limited on 28 February 2001 in relation to the takeover offer made for Vincorp by Simon Gilbert Wines Limited.

The Panel decided to dismiss the application following the announcement by Simon Gilbert Wines that a defeating condition of its bid would not be fulfilled and that all contracts and acceptances under the bid would therefore be void at the end of the offer period on 2 April 2001.