The Perth - based explorer led by the experienced oil and gas duo of Alan Stein and Jonathan Taylor advised that the boards of TSV Montney and TMK Montney had signed bid implementation agreements in which they unanimously recommend shareholders accept Calima's offers, in the absence of a superior proposal. (businessnews.com.au)
While noting that the definition of «superior proposal» in the merger agreement would have excluded a hypothetical alternate transaction proposal from a bidder who sought to acquire discrete businesses of NYSE Euronext, then - Chancellor Strine stated that he shared the plaintiffs» skepticism that «contractual promises to lie in the future have any real commercial utility.» (professorbainbridge.com)
«Having considered these alternative opportunities, the Tatts board has determined that the transaction is in the best interests of Tatts shareholders in the absence of a superior proposal,» Mr Boon said in the scheme booklet. (afr.com)