President Appoints First Panel Under New Regime
The Takeovers Panel has received its first applications. Mr Simon McKeon, President of the Corporations and Securities Panel, said that he has appointed the first Panel under the new takeovers regime that came into operation on 13 March 2000.
The Panel has been convened to hear two applications which relate to the takeover bid by Australian Infrastructure Fund Limited and Hastings Funds Management Limited (together the bidders ) for Infratil Australia Limited (Infratil ).