Taurus is currently prevented from trading in their FND shares, after the bidder for FND (called EFDL) appealed the ruling of the Takeovers Panel to the Court.
The Court is currently considering a judgement with the upshot being EFDL cannot currently process an acceptance of the Taurus shares (worth $20m).
Not looking like the greatest idea to appeal now, given they would now have been able to acquire them 10 days ago if they did not appeal the decision.
No wonder T2 left it to the last minute to pay he $0.35 as they would have had to require fund members to stump up the cash to meet the payment (assuming they didn't have enough in the bank).
Ann: Compulsory Acquistion Notice and IER, page-85
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