iP3 Systems Limited
These are the Panel’s reasons for concluding proceedings without making a declaration of unacceptable circumstances and orders concerning a rights offer undertaken by iP3 Systems Limited.
Universal Resources Limited - Panel Publishes Reasons
The Takeovers Panel (Panel) has today published the reasons for its decision in relation to an application received from CopperCo Limited dated 9 February 2005 alleging unacceptable circumstances in relation to its takeover offers for all the shares and options in Universal Resources Limited.
Universal Resources Limited
These are the Panel’s reasons for declining to make a declaration of unacceptable circumstances in relation to the application made by CopperCo Limited dated 9 February 2005.
National Foods Limited 02 - Panel Receives Application
The Takeovers Panel (Panel) advises that it has received an application dated 5 April 2005 from Yoplait SAS (Yoplait) and Sodima SAS (Sodima) under subsection 656A(2) of the Corporations Act (Application). The Application seeks review of a decision of the Australian Securities and Investments Commission (ASIC) dated 1 April 2005 not to grant Yoplait and Sodima an exemption from, or modification to, subsection 671B(4) of the Corporations Act (ASIC Decision).
National Foods Limited - Panel Accepts Undertakings and Declines to Make a Declaration of Unacceptable Circumstances
The Panel announces that it has accepted undertakings from Fonterra Foods Pty Limited, Sodima SAS and Yoplait SAS in relation to the application by San Miguel Foods Australia Holdings Pty Ltd (San Miguel) for a declaration of unacceptable circumstances on 7 March 2005. The application concerned a proposed joint venture (the JV) which Fonterra Foods, Yoplait and Sodima announced on 2 March 2005. The JV would be between National Foods Limited and Sodima and may be implemented if Fonterra Foods acquires 100% of the shares in National Foods. In light of the undertaking, the Panel has declined to make a declaration of unacceptable circumstances at this stage.
WMC Resources Limited - Panel Publishes Reasons
The Takeovers Panel (the Panel) has today published the reasons for its decision in relation to an application from Xstrata Capital Holdings Pty Limited received on 12 January 2005 alleging unacceptable circumstances in relation to its takeover offer for all the shares in WMC Resources Limited and an additional application from WMC Resources received on 14 January 2005 alleging unacceptable circumstances in relation to the affairs of Xstrata Capital Holdings Pty Limited.
WMC Resources Limited
These are the Panel’s reasons for accepting an undertaking from WMC to dispatch a supplementary target’s statement to its shareholders explaining the relationship between Xstrata’s offer price and possible future distributions by WMC.
iP3 Systems Limited - Panel Decision
The Takeovers Panel today announced that it has declined to make a declaration of unacceptable circumstances in relation to the application made by Victoria University of Technology on 15 February 20051 in relation to the rights offer undertaken by iP3 Systems Limited (iP3) on 29 January 2005 (Rights Offer). VUT had complained about a number of issues in iP3's Rights Offer. The Panel advised iP3 that it would need to provide a disclosure document that provided disclosure that was consistent with the level required under the prospectus provisions of Chapter 6D.
LV Living Limited - Panel Publishes Reasons
The Takeovers Panel (the Panel) has today published the reasons for its decision in relation to the application from Geoff Woodham Financial Services Pty Limited received on 13 January 2005 alleging unacceptable circumstances in relation to the affairs of LV Living Limited.
LV Living Limited
These are the Panel’s reasons for making a declaration of unacceptable circumstances and final orders, and accepting undertakings, in relation to the affairs of LV Living Limited.