Panel Publishes Reasons on Issue of Shares by Bigshop.com.au
The Takeovers Panel (the Panel) advises that it has published its reasons for its decision to decline an application by Fast Scout Limited (Fast Scout) in relation to the issue to Macquarie Bank Limited (Macquarie) of 6.667 million shares in Bigshop.com.au Ltd (Bigshop). Fast Scout is currently in the process of making a takeover bid for Bigshop. Fast Scout applied on 13 September 2001 and the Panel announced its decision on 27 September 2001.