Takeovers Panel eyes Crescent costs

The Takeovers Panel will hold a meeting to weigh up whether failed suitor Crescent Capital Partners should pay Abano Healthcare outstanding costs related to its offer.

Abano has requested the meeting, alleging it was still owed about $603,000, about 80 per cent of the money it spent responding to Crescent's bid.

Crescent lost the battle in March and Abano has refused to pay Crescent's 13c per share dividend payment as a result.

The panel said it considered Crescent might have broken the takeovers code, and would hold a private meeting on June 30 to decide whether to exercise its powers.