A Takeovers Panel review has rejected an appeal from Falak Holding LLC, over the panel's decision not to overturn the Dubai-based company's accidental sale of its stake in Golden West Resources Ltd to hostile suitor Faistar Resources Ltd.
The Takeovers Panel has decided not to make a declaration of unacceptable circumstances over a decision by Golden West Resources Ltd's major shareholder, Falak Holding, to sell its 7.12 per cent stake in the company.
