BRIEF-Australian Government Takeovers Panel Accepts Undertakings From Bennamon Industries

Reuters04-03

April 3 (Reuters) - Australian Government Takeovers Panel:

* PANEL ACCEPTED UNDERTAKINGS FROM BENNAMON INDUSTRIES IN RELATION TO AN APPLICATION DATED 15 MARCH

* UNDERTAKINGS IN RELATION TO THE AFFAIRS OF PACT GROUP

* WILL CONSIDER WHETHER TO CONDUCT PROCEEDINGS ONCE ASIC HAS CONSIDERED APPLICATION FOR RELIEF FOR WITHDRAWAL RIGHTS

* APPLICANTS SUBMITTED THAT BENNAMON’S 9TH SUPPLEMENTARY BIDDER’S STATEMENT, OTHER CONTAINED MISLEADING STATEMENTS

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