Mesa Minerals Limited – Panel Publishes Reasons
The Panel today published the reasons for its decision on an application dated 13 April 2010 from Mesa Minerals Limited in relation to its affairs.
Transurban Group
The Panel, James Dickson, Ian Ramsay (sitting President) and Jennifer Seabrook declined to conduct proceedings on an application by CP2 Limited in relation to the affairs of Transurban Group. The application concerned a proposal from a consortium for Transurban and an underwritten 1 for 11 renounceable rights issue announced by Transurban on 10 May 2010. The proposals did not constitute a genuine potential offer and, even if they did, the actions of the Transurban board did not constitute a frustrating action. The Panel also did not consider that the rights issue would have any material effect on the control of Transurban. Accordingly the Panel considered that there was no reasonable prospect that it would declare the circumstances unacceptable.
Transurban Group – Panel Publishes Reasons
The Panel today published the reasons for its decision on an application dated 24 May 2010 from CP2 Limited in relation to the affairs of Transurban Group.
Transurban Group – Panel Declines to Conduct Proceedings
The Panel has declined to conduct proceedings on an application dated 24 May 2010 from CP2 Limited in relation to the affairs of Transurban.
Mesa Minerals Limited 01R – Stay of Orders
On 24 May 2010 the Takeovers Panel received an application from Mighty River International Limited and Mr Yuzheng Xie seeking a review of the Panel's decision in Mesa Minerals Limited.
Transurban Group – Panel Declines to make Interim Orders
CP2 Limited made an application to the Panel in relation to the affairs of Transurban Group, in which it sought, among other things, interim orders.
Transurban Group – Panel Receives Application
The Panel has received an application from CP2 Limited in relation to the affairs of Transurban Group.
Mesa Minerals Limited 01R – Panel Receives Review Application
The Takeovers Panel has received an application from Mighty River International Limited and Mr Yuzheng Xie seeking a review of the Panel's decision in Mesa Minerals Limited
Mesa Minerals Limited – Declaration of Unacceptable Circumstances and Orders
The Panel has made a declaration of unacceptable circumstances (Annexure A) and final orders (Annexure C) in relation to an application dated 13 April 2010 by Mesa Minerals Limited in relation to its affairs (see TP10/017).
Panel Publishes Consultation Paper
The Takeovers Panel today released a Consultation Paper seeking public comment in relation to a rewritten Guidance Note 1 and a draft Guidance Note on Recommendations and Undervalue Statements.