Panel Agrees Settlement of Dispute Over AIF Bidder's Statement
The Takeovers Panel today advised that it has decided not to make a declaration of unacceptable circumstances in relation to the bidder's statement of Australian Infrastructure Fund Limited (AIF ) in its bid for Infratil Australia Limited (Infratil ). The decision means that AIF will be able to dispatch its bidder's statement from the same date, 10 May, 2000, as it would have been able to after it lodged a revised bidder's statement with ASIC on 26 April, 2000.