AUSTRALIA: Australia Takeovers Panel publishes consultation paper on Australia takeover bid documents

Wednesday December 28 2011

The Australia Takeovers Panel has published a Consultation Paper on a draft rewrite of GN 18 on Australia Takeover documents. The draft rewrite includes additional guidance in relation to target statements, expert reports, premia and intention statements. The Panel seeks comments from practitioners, market participants and investors who may be affected by the guidance, particularly in respect of the additional guidance and whether market practices have changed since the last issue of GN 18. The Panel would like to receive comments by 3 February 2012. Comments should be emailed to takeovers@takeovers.gov.au.The Consultation Paper on Australia is available on the Panel`s website.

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