Jan 20 (Reuters) - Australian Government Takeover Panel:
* Tov: Sedgman Limited - panel receives application SDM.AX *"the panel makes no comment on the merits of the application"
* no decision has been made whether to conduct proceedings
* sitting panel has not been appointed at this stage and no decision has been made whether to conduct proceedings
* consideration offered by cgi will be reduced by amount equal to value of non-cash rights as reasonably assessed by cgi
* consideration offered by cgi will be reduced if any non-cash rights are issued
* Source text for Eikon ID:nASX1kfqm4