CodeWord Issue 15 - November 2005
In this issue
The Panel’s executive routinely checks takeover notices, takeover offer documents and target company statements for compliance with the Code.
Rule 46 of the Code requires a target company, on receipt of a takeover offer, to prepare a target company statement for distribution to its sharehold…Read More
Oyster Bay - Panel decision on omission of material information in target company statement upheld by High Court
The protracted takeover process for control of Oyster Bay Marlborough Vineyards Limited began in July 2005 when Delegat’s Wine Estate Limited (Delegat…Read More
The Code requires that a full takeover offer include an offer for all classes of equity securities in the target company. In some cases a bidder who a…Read More