On 17 June 2008 the Takeovers Panel received an application from Lion Selection Limited in relation to its affairs. Lion is the subject of an off-market takeover bid by Indophil Resources NL.
The Takeovers Panel today published the reasons for its decision on an application dated 5 June 2008 from Indophil Resources NL, in relation to the affairs of Lion Selection Limited.
Following corrective and additional disclosure by Lion Selection Limited, the Takeovers Panel has declined to conduct proceedings on the application dated 5 June 2008 by Indophil Resources NL in relation to the affairs of Lion.
The Takeovers Panel today accepted an undertaking in relation to the application dated 11 June 2008 (see TP08/55) by InterMet Resources Limited in relation to its affairs. InterMet is the subject of an off-market takeover bid by Hillgrove Resources Limited.
The Takeovers Panel received an application from InterMet Resources Limited in relation to its affairs. InterMet is the subject of an off-market takeover bid by Hillgrove Resources Limited.
On the evening of 5 June 2008, the Takeovers Panel received an application from Indophil Resources NL in relation to the affairs of Lion Selection Limited. Lion is the subject of an off-market takeover bid by Indophil.
The Takeovers Panel today received an application from Sinosteel Ocean Capital Pty Limited in relation to the affairs of Midwest Corporation Limited. Midwest is the subject of an off-market takeover bid by Sinosteel. It is also the subject of a proposed merger with Murchison Metals Limited by way of scheme of arrangement.
The Panel, Diana Chang, Marie McDonald (sitting President) and Peter Scott, declined to commence proceedings on an application concerning alleged association between certain director/shareholders and other shareholders regarding changes to the composition of the board of BigAir.
The Takeovers Panel today published the reasons for its decision on an application dated 23 May 2008 from BigAir Group Limited in relation to its affairs.
The review Panel, Peter Mason AM (sitting President), Tom Bathurst QC and Catherine Brenner, declined to conduct proceedings. It considered that it was unlikely to find unacceptable circumstances in the extended on-market offer by GPG remaining open until the market closed. This was so notwithstanding that the announcement of the extension (and the bidder's statement) referred to the offer remaining open until 4.00pm.