CodeWord Issue 16 - May 2006

In this issue

The Oyster Bay Case – Part 2

This issue of CodeWord follows the Oyster Bay case through to its conclusion in the High Court and the start of a new takeover process. This case is p...

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Rank Group Investments & Carter Holt Harvey

The Panel made a significant decision in February 2006 on the terms of a proposed offer to be made by Rank Group for the remaining shares in Carter Ho...

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Guidance Note - Restrictive Conditions

The Code allows a bidder to make a takeover offer subject to conditions but limits the nature of those conditions. Rule 25(1) of the Code provides tha...

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Schemes of Arrangement & Inconsistencies between the Code & the Companies Act

The Panel has released a discussion paper on proposed changes to its policy on the use of its exemption powers to enable changes of control of Code co...

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Misleading The Panel

The Panel is concerned about incompleteness and lack of accuracy in some information it receives. These shortcomings occur both in complaints about th...

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