bids are in., page-14

Lex,

http://www.abc.net.au/lateline/business/items/200708/s2019117.htm

copy,paste and watch!

MJ says the reason the bids and bidders were not disclosed to the market was because COA and the bidders signed an agreement which they (COA) were legally bound to abide by and not disclose to the market.

It might be legally right, but whether its either morally or ethically right well that's for others to judge!.

Interested to know ASIC'S view on the demise of this proposed M & A deal.

It's quite strange really, because we could have a sitiuation where say for example WBC wants to takeover either ANZ,AMP or SGB, or CBA wanting to takaover NAB but neither bidder wants to have its name or takeover price revealed to the market

Personally, i'm all for full and proper disclosure by asx listed companies or their assoiciate entities to the market so that then the market can re adjust the COA
share price or any derivates.

The other question that needs to be addressed here is that some inc hedge funds might think they have a claim against COA for not keeping the market fully informed as per listing rule 3.1 (1)