Have a read of article titled "Taking Strain at Takeovers Panel" pge 18 AFR. Lists BRM together with a number of cases. Basic thrust of article is to question the balance between a fast decision by the TOP ie is fast justice is potentially unjust? This will be the issue reviewed by the Federal Court in September re: CMI case. Other comments made relate to the legal sophistication and activism of shareholders challenging the TOP"s ability to make fast and just decisions. It was modified in 2000 to ensure to avoid long periods spent in the courts.
BRM Price at posting:
$4.48 Sentiment: Buy Disclosure: Held
