FBR Says Australia's Takeovers Review Panel Declines Proceedings; Shares Hit All-Time Low

MT Newswires Live

2025/05/29

FBR (ASX:FBR) said the Australian government's Takeovers Panel declined to conduct proceedings on the application filed by shareholder Bob Ciesla, seeking orders for the company's extraordinary general meeting to be postponed, according to a Thursday filing with the Australian bourse.

The Panel determined that there was no reasonable prospect of declaring unacceptable circumstances, the filing added.

Shares of the company fell 8% in recent Thursday trade and earlier hit an all-time low.

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