Listed Trust and Managed Investment Scheme Mergers: Panel Releases Draft Guidance
The Panel today released for public comment a draft Guidance Note on mergers of listed unit trusts and other listed managed investment schemes.
Ranger Minerals Limited
An application under section 657C of the Corporations Act by Ranger Minerals Limited for a declaration of unacceptable circumstances and orders concerning the statements made by Revesco Group Limited in relation to a takeover bid for Ranger by Revesco. The Panel declared that the statements constituted unacceptable circumstances in relation to the affairs of Ranger.
BreakFree Limited 02
These are our reasons for affirming a decision of ASIC not to consent to early dispatch of a bidder's statement in relation to the bid by S8 Ltd for BreakFree Ltd.
BreakFree Limited 02 - Panel Publishes Reasons
The Panel has today published the reasons for its decision in the BreakFree 02 proceedings (the Proceedings).
Selwyn Mines Limited - Selwyn Mines Limited (Receivers & Managers Appointed) - Panel Declines Application
The Takeovers Panel advises that it has decided not to conduct proceedings with respect to the application made by Hillgrove Gold Limited (HGO) in relation to Selwyn Mines Limited (SLN).
BreakFree Limited 03 - Status of Proceedings
In Takeovers Panel media release 85/2003 (a copy of which is available at ), the Panel advised that it had received an application from BreakFree Limited (BreakFree) pursuant to section 657A of the Corporations Act 2001 (Cth) (the Act) for a declaration of unacceptable circumstances in relation to an amended bidder's statement (the Bidder's Statement) by S8 Limited (S8) concerning its takeover bid for BreakFree.
Trysoft Corporation Limited - Panel Publishes Reasons in Relation to Trysoft Proceedings
The Panel has today published the reasons for its decision in the proceedings (the Proceedings) relating to Trysoft Corporation Limited (Trysoft).
AuIron Energy Limited - Panel Refuses AuIron Energy Ltd Application
The sitting Panel has decided to make no declaration or order in relation to the application by Westchester Financial Services Pty Ltd regarding the meeting of AuIron Energy Limited to seek approval by AuIron shareholders of the acquisition by AuIron of the Yarrabee Coal Company Pty Ltd, in exchange for a substantial interest in AuIron.
National Can Industries 01 - Panel Receives Application in Relation to National Can Industries Limited
The Panel has received an application from Visy Industrial Packaging and Holdings Pty Ltd (VIPH) dated 19 September 2003 alleging unacceptable circumstances in relation to schemes of arrangement between National Can Industries Limited (NCI) and Esk Holdings Pty Ltd (Esk).
AuIron Energy Limited - No Order Restraining Meeting
The Takeovers Panel received some, but not all, of the parties' submissions on the application of Westchester Financial Services Pty Ltd concerning the general meeting of AuIron Energy Ltd convened for 19 September to consider the acquisition of the Yarrabee coal mine. Westchester applied for orders deferring the meeting until additional information had been provided to shareholders.