ASIC Statement On David Jones takeover Offer

ASIC today said it is examining the proposed takeover offer for David Jones.

ASIC has been monitoring developments closely since the offer was made public on 29 June 2012 and its withdrawal on 2 July 2012.

Consistent with its usual practice, ASIC is looking at potential issues regarding disclosure and trading in David Jones stock both by domestic and international parties.

ASIC’s priority is to ensure market integrity is maintained and that markets are fair, orderly and transparent and that, if there has been a breach of the law, those responsible are held to account.