Dec 23 (Reuters) - Independence Group NL IGO.AX :
* KPMG ASSESSED OFFER FROM INDEPENDENCE GROUP AS "FAIR AND REASONABLE TO PANORAMIC SHAREHOLDERS, IN ABSENCE OF A SUPERIOR PROPOSAL"
* BOARD WILL REVIEW INDEPENDENT EXPERT'S REPORT & PROVIDE ITS RESPONSE, INCLUDING UPDATES TO BOARD'S CURRENT RECOMMENDATION
* PENDING OUTCOME OF BOARD'S REVIEW, CO'S SHAREHOLDERS SHOULD TAKE NO ACTION IN RELATION TO OFFER OR DOCUMENTS SENT BY IGO