mak/ucl to joust in court

See ASX ann. posted by UCL to BON and UCL @7.04pm AEST.

See followup ann. posted by MAK to BON and MAK @7.40pmAEST.


Seems MAK is contending that UCL has NOT COMPLIED with Section 630(3)of Corporations Act. The upshot being, according to MAK that:

"...all acceptances of the (UCL Takeover) Offer (of BON) are VOID and....such acceptances must not be registered..."

Further, MAK advises that those BON holders who have accepted UCL's offer (7.91% to date or 15,066,203 shares)are now free to accept the MAK offer.


Very close to the wire.

Interesting to see the outcome of this legal joust.



Cheers all.