The below is a copy of what the takeover panel is about. It is basically an independent body which looks after shareholders interests. As such it is not a panel which has anything to do with appointments by BHP or RIO to discuss the possible takeover. The takeover may never happen. However the share price has certaily been boosted for the 2 companies in a falling and uncertain market. Perhaps this was the plan.
THE PANEL ON TAKEOVERS AND MERGERS
The Panel on Takeovers and Mergers (the "Panel") is an independent body, established in 1968, whose main functions are to issue and administer the City Code on Takeovers and Mergers and to supervise and regulate takeovers and other matters to which the Code applies. Its central objective is to ensure fair treatment for all shareholders in takeover bids.
The Panel has been designated as the supervisory authority to carry out certain regulatory functions in relation to takeovers under the EC Directive on Takeover Bids (2004/25/EC) (the "Directive"). Its statutory functions are set out in and under Chapter 1 of Part 28 of the Companies Act 2006.
DISCLOSURE TABLE
COMPANY ANNOUNCEMENTS
Click on the link above for access to statements and disclosures notified to a Regulatory Information Service in relation to takeovers regulated by the Panel. Click on the link below for access to statements and disclosures notified to Newstrack in relation to companies traded on the PLUS primary market.
PLUS
takeover panel
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Last
$114.86 |
Change
-1.010(0.87%) |
Mkt cap ! $43.01B | |||
| Open | High | Low | Value | Volume |
| $114.01 | $114.92 | $113.70 | $24.19M | 212.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 149 | $114.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $114.88 | 136 | 7 |
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| Last trade - 10.32am 30/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |