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TALIUS GROUP LIMITED — M&A Activity 2009
Jun 22, 2009
65893_rns_2009-06-22_63c7ee72-baea-4b24-b908-e3ad994b90a8.pdf
M&A Activity
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23+ June 2009
BLAZE ASSET Pty Ltd
ACN 134 038 412 tel +61 8 9486 1122 fax +61 8 9486 1011
Suite 2, 16 Ord Street West Perth Western Australia 6872
Company Announcements Office
ASX Limited 20 Bridge Street SYDNEY NSW 2000
Blaze Asset Pty Ltd - Takeover bid for all shares in Target Energy Limited
Application to Federal Court
I refer to Blaze Asset Pty Ltd's (Blaze) off-market takeover bid (Takeover) for all of the fully paid ordinary shares in Target Energy Limited (Target).
The Australian Securities and Investments Commission has raised a concern with Blaze's lodgement of the Supplementary Bidder's Statement (SBS) dated 5 June 2009. The effect of this may be that the offer period was not extended on that date and hence the Takeover may now be closed.
Blaze has lodged an urgent application to the Federal Court today for orders confirming that the Takeover remains open until 17 July 2009 and if the orders are made Blaze will issue a notice to ASIC, ASX and all Target shareholders confirming that the Takeover remains open, and also making the bid free from all defeating conditions. The application will be heard tomorrow morning and Blaze will advise the ASX of the outcome immediately upon the Court ruling on the application.
lex Baiada 'Chairman Blaze Asset Pty