Panel Publishes Reasons in Relation to Troy's Application Regarding St Barbara's Takeover Bid for Taipan

The Takeovers Panel advises that it has published its reasons in relation to an application from Troy Resources for a declaration of unacceptable circumstances and orders in relation to St Barbara Mines' takeover bid for Taipan Resources. The Panel received the application on 27 February 2001 and made its decision on 16 March 2001.

The application asserted that the disclosure in St Barbara's bidder's statement was deficient in a number of respects, including: