REGULATION

Flinders hit with unacceptable circumstances ruling

THE battle for Pilbara iron ore hopeful Flinders Mines has taken another swerve with Australia’s Takeovers Panel making a declaration of unacceptable circumstances against plans to delist the company from the ASX.

The Pilbara is again a battelground for control of vast iron ore deposits.

The Pilbara is again a battelground for control of vast iron ore deposits.

The plans are supported by 55.6% shareholder Todd Corporation, which has pushed for a delisting of the company since takeover bids in 2015 and 2016. With loans funding a 10% share buyback and an...

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