Panel Receives Application in Relation to Reliable Power Inc's Takeover Bid for Pinnacle VRB Limited
The Takeovers Panel has received an application from Pinnacle VRB Limited (Pinnacle ) for a declaration of unacceptable circumstances in relation to the bidder's statement issued by Reliable Power Inc. (Reliable ) for the purposes of its cash bid for Pinnacle. Pinnacle's application was received on 15 March 2001. Reliable sent its bidder's statement to Pinnacle shareholders on 20 March 2001.