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09 November 2007
The Takeovers Panel held a meeting in Auckland on 7 November 2007 to consider a number of matters raised in a complaint to the Panel relating to Kerifresh Limited. This follows an earlier meeting of the Panel held on 16 October 2007.
The Panel determined, for the purposes of section 32(3) of the Takeovers Act 1993:
The Panel will publish its statement of reasons for these decisions as soon as possible.
The Panel also made a number of restraining orders which expire on 30 November 2007.
The full text of the Panel's determination and the detail of the restraining orders are detailed on the Panel's website at www.takeovers.govt.nz