Panel Requires St Barbara to Vary Bid for Taipan
The Corporations and Securities Panel has required St Barbara Mines Ltd (St Barbara ) to vary its offers under its takeover bid for Taipan Resources NL (Taipan ) to improve the consideration offered for the Taipan partly paid shares. The relevant issue was raised in an application by Troy Resources NL (Troy ) on 27 February. Troy is also bidding for Taipan.