Reuters: Global Markets: Australian regulator examining David Jones withdrawn offer, trades

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Australian regulator examining David Jones withdrawn offer, trades Jul 3rd 2012, 02:30 SYDNEY | Mon Jul 2, 2012 10:30pm EDT SYDNEY (Reuters) - An Australian regulator said on Tuesday it is examining the now withdrawn A$1.65 billion ($1.69 billion) takeover offer for No.2 department store chain David Jones (DJS.AX) by a little-known Britain-based firm, EB Private Equity (EBPE). The Australian Securities and Investments Commission said in a statement on its website it was looking at potential issues over disclosure and trading in David Jones stock by both domestic and international parties. David Jones shares surged nearly 15 percent on Friday after it revealed the offer from EBPE, which is not listed in Companies House, the registrar of privately owned firms based in England and Wales, nor recorded by private equity tracking firm Preqin. The shares fell 10 percent on Monday after David Jones said EBPE had withdrawn the offer.

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