Goodman Fielder Limited 02 – Panel Publishes Reasons [04/12/2003] The Takeovers Panel

Thursday, 4 December 2003

GOODMAN FIELDER LTD AND BURNS PHILP &CO LTD -
PANEL PUBLISHES REASONS IN GOODMAN FIELDER 02

The Takeovers Panel has today published the reasons for its decision of 6 February 2003 in the proceedings (the Proceedings) brought on 20 January 2003 by BPC1 Pty Limited (Burns Philp) relating to Goodman Fielder Limited (Goodman Fielder).

The Proceedings concerned issues raised by Burns Philp relating to the target's statement produced by Goodman Fielder and certain advertisements placed by Goodman Fielder which were published on 18 January 2003.

As previously announced on 6 February 2003 in Panel media release TP 03/16, the Panel accepted undertakings from Goodman Fielder to issue a supplementary target's statement and to publish advertisements containing additional and corrective information. Accordingly, it did not make a declaration of unacceptable circumstances or make any order in the Proceedings

The reasons of the Review Panel in the Proceedings are available on the Panel's website at: http://www.takeovers.gov.au/Content/Decisions/decisions.asp

The earlier Panel media releases mentioned in this media release are available on the Panel's website at: http://www.takeovers.gov.au/Content/MediaReleases/MediaReleases.asp

The Panel was Ilana Atlas, (sitting President), Michael Tilley and Marian Micalizzi.

George Durbridge,
Director, Takeovers Panel
Level 47 Nauru House,
80 Collins Street, Melbourne VIC 3000
Ph: +61 3 9655 3553

george.durbridge@takeovers.gov.au