The Takeovers Panel has ordered Energy Resources of Australia (ERA) to suspend trading in new shares for at least five business days in relation to its share entitlement offer announced in November last year.
The Takeovers Panel has received an application from Zentree Investments following Energy Resources of Australia’s (ERA’s) launch of a share entitlement offer last week.
The Australian Government’s Takeovers Panel has declared unacceptable circumstances in relation to Flinders Mines’ attempt to delist from the Australian Securities Exchange (ASX).
Flinders Mines has postponed its delisting from the Australian Securities Exchange (ASX) to deal with applications made to the Takeovers Panel by shareholders who disagree with the company’s plans.
Flinders Mines’ shareholders have submitted proposals to the Takeovers Panel to prevent the company’s attempted delisting from the ASX.
The Takeovers Panel will not take action following an application from a Fortescue Metals Group subsidiary to conduct proceedings into the takeover of Atlas Iron.
Fortescue Metals Group has raised concerns about “misleading statements” in Hancock Prospecting’s bidder’s statement for its proposed $390 million acquisition of Atlas Iron.
Contractor Cimic has turned to the Takeovers Panel in its attempt to acquire Macmahon Holdings, which is trying to block the bid through a deal with Indonesia’s PT Amman Mineral Nusa Tenggara (AMNT).