Dec 13 (Reuters) - WAM Active Ltd WAA.AX :
* ANNOUNCES WITHDRAWAL OF INTENTION TO MAKE A TAKEOVER BID FOR KEYBRIDGE CAPITAL LIMITED
* INTENDS TO MAKE OFF-MARKET TAKEOVER BID FOR SHARES IN KBC AT A REDUCED ALL CASH BID PRICE OF 6.5 CENTS PER SHARE
* ALTHOUGH ENTITLED TO WITHDRAW PROPOSED OFFER IN LIGHT OF KBC'S BREACHES, WAM ACTIVE WAS RETICENT TO DO SO IMMEDIATELY