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CIC Australia Ltd Announces Update On Peet Limited Takeover Bid

Wednesday, 22 May 2013 08:45pm EDT 

CIC Australia Ltd announced that the takeover bid by Peet Limited for all of the shares in CIC Australia Limited is now unconditional, and Peet has most recently reported an interest in 84.17% of CIC's shares. Accordingly, control has passed to Peet, and the CIC board will soon be in the process of arranging the appointment of Peet's nominees to the board. 

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