Panel Commences Proceedings in Further Application in Relation to St Barbara's Proposed Bid for Taipan Resources
The Takeovers Panel advises that it has today decided to commence proceedings in relation to an application for a declaration of unacceptable circumstances in relation to the bidder's statement issued St Barbara Mines Ltd in its bid for Taipan Resources NL. The application was made by Troy Resources on Tuesday 27 February. Troy is also bidding for Taipan.
The application asserts that St Barbara's bidder's statement has disclosure deficiencies in relation to: