Sydney Gas Limited 02 - Panel Declines to Commence Proceedings
The Takeovers Panel advises that it has declined to commence proceedings in relation to an application from Queensland Gas Company Limited (Queensland Gas) received on Monday 24 April 2006, concerning the affairs of Sydney Gas Limited (Sydney Gas), and specifically concerning a takeover offer by Queensland Gas for all the shares in Sydney Gas and a recapitalisation plan announced by Sydney Gas on 7 April 2006 (Recapitalisation Plan).