Vision Systems Limited – Panel Declines to Commence Proceedings
The Takeovers Panel (Panel) advises that it has declined to commence proceedings in response to an application (Application) received from Ventana Medical Systems, Inc. (Ventana) dated 3 October 2006 in relation to the affairs of Vision Systems Limited (Vision) (TP06/98) and, in particular, pre-bid agreements entered into between Cytyc Victoria LLC (Cytyc), a bidder for Vision, and various shareholders of Vision to accept Cytyc' takeover offer in relation to 13.5% of Vision.