AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
AUSTRALIA'S BIOTA SURPRISED BY BIGSHOP.COM.AU'S SHARE SWOOP.
MELBOURNE Oct 1 Asia Pulse - Australian drug developer Biota Holdings Ltd (ASX:BTA) said today it was unsure why a known corporate raider had become the company's biggest shareholder.
Biota told shareholders in its notice of its annual general meeting that earlier this week, Perth-based Farooq Khan's Bigshop.com.au Ltd and other related companies had acquired a 6.9 per cent stake stake in Biota, making Bigshop.com.au (ASX:BIG) the largest shareholder in Biota.
"We are unaware of the intentions of either Bigshop.com.au or Mr Khan in relation to your company," Biota chairman John Grant said in the notice.
"We understand from press reports that Mr Khan, his companies and their associates have a history of acquiring a minority shareholding position in companies with significant cash reserves and then employing that position to take, or attempt to take, board control of such companies."
Mr Grant ...
- Bigshop's Khan has plans to fix Biota.
- News wire article from: Australasian Business Intelligence February 19, 2003 700+ words
...proposals put forth by Farooq Khan, the chairman of listed shell company, Bigshop.com.au. One proposal...2003, has been called by Khan to consider the proposals. Khan is also seeking to have...HOLDINGS LIMITED - ASX BTA: BIGSHOP.COM.AU LIMITED - ASX...
- Khan oath: Bigshop will have Biota.
- News wire article from: Australasian Business Intelligence October 31, 2002 700+ words
...COMTEX) Corporate raider Farooq Khan has called for a meeting of shareholders...Biota Holdings. Companies in Khan's control, including Bigshop.com, have increased their combined...per cent in recent weeks. It is Khan's objective to replace all non...
- DIRECTORS OF AUSTRALIA'S BIOTA ARE OVERPAID: BIGSHOP.COM CHIEF.
- News wire article from: AsiaPulse News October 23, 2002 700+ words
...Ltd (ASX:BTA) continued today, with Bigshop.com.au boss Farooq Khan claiming current directors were being paid...board earlier this week refused a request by Bigshop that Mr Khan and Bigshop director Victor Ho be appointed to the Biota...
- AUSTRALIA'S BIOTA SAYS BIGSHOP.COM.AU MISLEADING SHAREHOLDERS.
- News wire article from: AsiaPulse News March 19, 2003 700+ words
...seat on the Biota board for Bigshop executive chairman Farooq Khan. Bigshop, which has expressed concerns...and the appointment of Mr Khan to the board. Biota has resisted previous attempts by Bigshop to gain a board seat and has...
- Bigshop grabs 19pc stake in Sofcom.
- News wire article from: Australasian Business Intelligence June 28, 2002 700+ words
...Bigshop a 19 stake in Sofcom. The Bigshop board and Sofcom's major shareholder...is now unlikely to succeed. Bigshop's MD, Farooq Khan, says, however, that he is...COMMUNICATION GROUP LIMITED - ASX SOF: BIGSHOP.COM.AU LIMITED - ASX BIG...
- Bigshop shells out for big Sofcom stake.
- News wire article from: Australasian Business Intelligence June 28, 2002 700+ words
...Sofcom) on 28 June 2002. Bigshop bought 17 million shares...board will meet with Bigshop's MD, Farooq Khan, and discuss his plans...technology company. Khan is keen to gain a seat...GROUP LIMITED - ASX SOF: BIGSHOP.COM.AU LIMITED...
- AUSTRALIA'S BIGSHOP LAUNCHES TAKEOVER BID FOR SOFTWARE GP.
- News wire article from: AsiaPulse News May 2, 2003 700+ words
...shares in Biota. Last month Bigshop executive chairman Farooq Khan lost a bid to be appointed a...opposition from the Biota board. Bigshop dropped a takeover bid for Biota last November. Mr Khan, whom Biota accused of being...
- Bigshop's big flop: Biota bid withdrawn.
- News wire article from: Australasian Business Intelligence December 16, 2002 700+ words
...takeover bid for Biota Holdings by Bigshop.com.au, announced on 28...Managing director of bidder Bigshop.com.au, Farooq Khan, revealed the offer was withdrawn...HOLDINGS LIMITED - ASX BTA: BIGSHOP.COM.AU LIMITED - ASX BIG...