CLAW3206 Lecture Notes - Lecture 3: Investment Fund, Beneficial Ownership, Consideration
30 Jul 2018
School
Department
Course
Professor
Document Summary
A takeover is the acquisition by an individual or a company (the bidder) of issued voting shares held in a company (the target) that is sufficient to gain control of the target. Identical offer, in writing with same date, must be made to all shareholders. Share purchase and sale contract with each shareholder who sells. Yes: offer can be for all or a specified proportion of the shares in the bid class. No: offer must be for all of the shares in the bid class. Claw3206 regulation of mergers and acquisitions week 3 s 602 regulation of takeovers. The takeover provisions are designed to achieve equity during takeovers by requiring the bidder to disclose specified information about itself and its bid to the target and its members. This is to protect target members from abuse and distorted information so as to enable them to make an informed decision about accepting or rejecting the bid.
