News: SDM Australian Government Takeover Panel receives application from Sedgman Ltd

Jan 20 (Reuters) - Australian Government Takeover Panel:

• Tov: Sedgman Limited - panel receives application (SDM) *"the panel makes no comment on the merits of the application"
• no decision has been made whether to conduct proceedings
• sitting panel has not been appointed at this stage and no decision has been made whether to conduct proceedings
• consideration offered by cgi will be reduced by amount equal to value of non-cash rights as reasonably assessed by cgi
• consideration offered by cgi will be reduced if any non-cash rights are issued