The Takeover Bid Implementation Deed also contains:Gutnick, said, “We are pleased that Innopac sees the value and potential of Merlin Diamonds. The Board is recommending our shareholders to accept Innopac’s offer, which will help unlock shareholder value. With Innopac’s financial backing, we believe the Merlin Project will gain traction more quickly.”-quality diamonds 65% of production is gemquality, compared to an average of just 20% gem-quality diamond production at diamond mines worldwide. The Company has made solid progress in developing a sustainable and profitable diamond mine at Merlin, underpinned by 2.9 million carats of the Company’s resource assets being classified as JORC compliant Probable Ore Reserves, indicating a higher level of certainty of economic potential. We are working on trial mining and ramping up trial production in 2Q 2013, with commercial production estimated to start in 3Q 2013. We are targeting to produce about 250,000 carats per year by the second year of commercial production,” added Mr Gutnick.

 no shop, no talk, notification and matching rights in favour of Innopac and

 a break fee payable by each of Innopac and Merlin Diamonds in certain circumstances.

Innopac Holdings (S$0.225) Launches bid for Australia's Merlin Diamonds

A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting on Dec. 11-12:

ECONOMY:

December: " Economic activity and employment have continued to expand at a moderate pace in recent months, apart from weather-related disruptions."

January: " Growth in economic activity paused in recent months, in large part because of weather-related disruptions and other transitory factors."

BETTER OUTLOOK:

Then: Fed policymakers remain " concerned that, without sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions."

Now: The Fed " expects that, with appropriate policy accommodation, economic growth will proceed at a moderate pace and the unemployment rate will gradually decline."

MORE SIGNS OF IMPROVEMENT:

Then: " Household spending has continued to advance, and the housing sector has shown further signs of improvement, but growth in business fixed investment has slowed."

Now: " Household spending and business fixed investment advanced, and the housing sector has shown further improvement."