Panel Accepts Undertaking by Australian Liquor Marketers to Postpone Despatch of its Bidder's Statement [13/12/2002] The Takeovers Panel

13 December 2002

PANEL ACCEPTS UNDERTAKING BY AUSTRALIAN LIQUOR MARKETERS
TO POSTPONE DESPATCH OF ITS BIDDER'S STATEMENT

The Panel advises that it has today accepted an undertaking from Australian Liquor Marketers Pty Ltd (ALM) to postpone the despatch of its bidder's statement in relation to its takeover bid for S.A. Liquor Distributors Limited (SALD) until 5pm on Friday, 20 December or the Panel proceedings in this matter have been finally determined, whichever is the earlier. On the basis of this undertaking, the Panel has decided not to make an interim order at this time restraining the despatch of ALM's bidder's statement.

The Panel has sought submissions from the parties in relation to the matters raised in the application which was made by SALD. The Panel will make its decision after reviewing those submissions which are due early next week. If the Panel proceedings look likely to continue beyond 5pm on Friday, 20 December, the Panel may decide to make an interim order restraining the despatch of ALM's bidder's statement.

The sitting Panel in this matter is Jeremy Schultz (sitting President), Elizabeth Alexander AM and Anthony Burgess.

Nigel Morris
Director, Takeovers Panel
Level 47 Nauru House
80 Collins Street
Melbourne VIC 3000
Ph: +61 3 9655 3501
nigel.morris@takeovers.gov.au