Panel Reasons in relation to Brickworks Ltd (No.1)

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.