WMC Resources Ltd - Panel Receives Application
The Takeovers Panel (Panel) advises that it has received an application dated 12 January 2005 from Xstrata Capital Holdings Pty Ltd (Xstrata Capital) in relation to its takeover offer for all the shares in WMC Resources Ltd (WMC). The terms of Xstrata Capital's offer are set out in the replacement bidder's statement dated 16 December 2004. WMC issued a target's statement dated 4 January 2005 in relation to Xstrata Capital's offer, which incorporated an independent expert's report.