Showing 33 out of 33 results
Defective disclosure of substantial holdings: parties can’t hide behind the passage of time
Summary The Northern Iron Limited decision reinforces the Panel’s willingness to take a practical approach in identifying the ‘circumstances’ from …
Panel publishes updated position on frustrating action, takeover summaries and dividends
Summary The Panel has scaled back its proposed amendments to its Guidance Note on frustrating action (GN 12), but has nevertheless supplemented the …
Titanic II: sinking slowly - The President's Club judicial review is dismissed
Summary The Takeovers Panel held that Clive Palmer and associates acquired in excess of 40% of The President's Club Limited (TPC) without complying …
Panel lifts the veil on aggregated intention statements
Summary The Panel’s decision in Bullabulling Gold provides a framework for the disclosure of aggregate shareholder intentions in a manner the Panel …
Disclosure of indicative approaches – what is current market practice?
Summary The ASX listing rules were amended in 2013 to help boards decide not to disclose a preliminary, indicative and non-binding approach for a …
Takeovers Panel composition
Summary Until this year, it has been a practice that members are appointed to the Panel for an initial three year term followed by, in the ordinary …
All-at-sea – ASIC takes aim at Mariner and its directors
Summary Mariner Corporation Limited (Mariner) announced a cash bid for Austock Group Limited (Austock) on 25 June 2012. Austock countered that …
Lantern illuminates Panel’s thinking on buy backs
Summary The Takeovers Panel has given an insight into its future approach to the effects of buy-backs on corporate control. The Takeovers Panel may …
New takeover policies on frustrating action, dividends and summaries in takeovers documents
Summary CHANGE - 2023-07-28 11:50 The Takeovers Panel is proposing changes to its frustrating action policy that would give targets more flexibility …
Showing 33 out of 33 results