Published 22 December 2007 The Takeovers Panel has released a consultation paper on the trend to structure takeovers to avoid the Takeovers Code. Submissions close on Friday 15 February. The paper follows Transpacific Industries Group’s decision in 2006 to use an amalgamation to take over NZX-listed Waste Management NZ Ltd, without having to comply […]
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Takeovers Panel to look more closely at loophole
Published 30 March 2007 The Takeovers Panel said on Wednesday it would undertake more work to resolve the use of schemes of arrangement & amalgamations undermining the takeovers code. New panel chairman David Jones said: “The panel has been concerned for some time about the increasing use of schemes of arrangement & amalgamations under the […]
Read more →Takeovers Panel intervenes in Dominion Funds amalgamation
Published 8 November 2006 The Takeovers Panel has intervened in a Dominion Funds amalgamation of 3 companies after the scheme of arrangement got High Court approval. The panel’s involvement has resulted in an appeal by Dominion, reversal of an order on the level of support required, and a requirement for the panel to be advised […]
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