This week saw an interesting development in a proposed takeover transaction. (businesslawblogsite.com)
«The deal is the latest in a string of public takeover transactions for the Carey Olsen M&A team this year and also demonstrates the firm's market leading expertise in advising listed resources companies registered offshore.» (lawyer-monthly.com)
As the transaction constitutes a «reverse takeover transaction» for the purposes of the Irish Takeover Panel Act, 1997, Takeover Rules, 2013, (the «Irish Takeover Rules»), Allergan is no longer in an offer period and therefore Rule 8 of the Irish Takeover Rules does not apply to the transaction from the date of this announcement and therefore there is no longer a requirement to make dealing disclosures pursuant to Rule 8. (businesswire.com)