Panel Publishes Reasons for Declining Troy Application Concerning St Barbara's Bid

The Takeovers Panel advises that it has published its reasons for declining an application from Troy Resources for interim orders and a declaration of unacceptable circumstances in relation to St Barbara Mines' takeover bid announced on 21 December 2000. The Panel received the application on 5 February 2001 and announced its decision on 14 February 2001.

The application raised three matters for consideration by the Panel: