Takeovers Panel Accepts Undertaking from Emu NL
Emu NL (ASX: EMU), a resource exploration and development company, has received a decision from the Takeovers Panel regarding an application from Dronkay Pty Ltd.
The Panel accepted a further undertaking from Emu and declined to make a declaration of unacceptable circumstances in response to Dronkay's application, dated 10 September 2025.
The application was related to a non-renounceable pro-rata entitlement offer announced by Emu on 8 September 2025.
Author's summary: Emu NL receives decision from Takeovers Panel.
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