Universal Resources Limited - Panel Accepts Undertakings and Declines to Make a Declaration
The Panel announces that it has accepted an undertaking from Universal Resources Limited (Universal) in relation to the application by CopperCo Limited (CopperCo) under section 657C of the Corporations Act 2001 on 9 February 2005 concerning CopperCo's takeover bids for all of the ordinary shares and options in Universal. In light of the undertaking, the Panel has declined to make a declaration of unacceptable circumstances.