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BRIEF-Australian Government Takeovers Panel declines to make declaration in response to application from Sedgman

Published 03/02/2016, 09:46 am
Updated 03/02/2016, 09:50 am
© Reuters.  BRIEF-Australian Government Takeovers Panel declines to make declaration in response to application from Sedgman

Feb 3 (Reuters) - Australian Government Takeovers Panel:

* SDM panel declines to make declaration

* Australian Government Takeovers Panel- Panel declined to make declaration of

unacceptable circumstances in response to application dated 19 January 2016

from Sedgman Limited

* Australian Government Takeovers Panel - considered that it is not against the

public interest to decline to make a declaration of unacceptable

circumstances

* Australian Government Takeovers Panel- application concerned takeover offer

for Sedgman by CIMIC Group Investments Pty , subsidiary of CIMIC Group

* Australian Government Takeovers Panel- panel considered second supplementary

bidder's statement sufficiently dealt with issues raised in Sedgman's

application

* Australian Government Takeovers Panel- panel decided not to make a

declaration of unacceptable circumstances

* Source text for Eikon ID:nASXSzTSl

*

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