Panel Publishes Reasons for Decision in Ausdoc Group Limited

The Takeovers Panel advises that it has published the reasons for its decision in relation to the Ausdoc Group Limited proceedings.

The application for a declaration of unacceptable circumstances and orders was made by the Australian Securities & Investments Commission on 14 June 2002. It was in relation to certain lock-up arrangements specified in a deed entered into between Ausdoc and ABN Amro Capital (Belgium) N. V. on 22 May 2002, including various exclusivity, break fee and cost contribution arrangements.