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Takeovers umpire decides not to get involved in Packer & Co, Rio Tinto blue

Pelican Press

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Takeovers umpire decides not to get involved in Packer & Co, Rio Tinto blue

A push by fund manager ****** Packer and Zentree Investments to kibosh Rio Tinto’s heavily discounted capital raising in uranium clean-up company Energy Resources of Australia has been thwarted by the Takeovers Panel.

Rio-controlled ERA told the market on Wednesday the takeovers umpire had declined to take action on calls for a declaration of unacceptable circumstances regarding the miner’s $760 million rights issue.



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#Takeovers #umpire #decides #involved #Packer #Rio #Tinto #blue

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