Sentences with phrase «under takeover rules»

The way Murray Goulburn chooses to see things, that means Saputo has actually reduced the value of the offer and that is not an option open to it under the takeover rules.

Under takeover rules in the U.K., where SABMiller has its primary listing, ABI was required to make a formal offer by Wednesday evening in London, or else withdraw its interest, after having declared its intention to bid last month.

Not exact matches

Under U.K. takeover rules, Kraft's public withdrawal of its offer precludes it from reviving takeover talks with Unilever for six months.

While this week's Federal Government decision to rule out a Shell takeover under any conditions clearly weakens the Netherlands - based multinational's strategic position in Australia, Woodside had already undermined that position with a recent deal with US group Phillips.

For six of those companies, the percentage would be even greater, but presumably, the fund doesn't want to exceed the 20 % level, which, under Canadian rules, would force the ETF «to automatically extend a takeover offer to all remaining shareholders at the same terms,» according to a Scotiabank report.

Saputo, which owns 16.9 per cent of WCB, was compelled to change its offer this week after the Takeovers Panel ruled it had misled shareholders in relation to the franking value of two WCB dividends under a previous offer.

This would probably require changes to the takeover rules of the LSE, and to the role of directors and shareholders under the Companies Act.

The Hong Kong regulator found that the e-commerce giant had breached takeover rules when it bought a healthcare company in 2014, because the acquisition amounted to a «special deal», prohibited under the code.

The FTSE 250 betting company confirmed this Saturday (8 October) that the two parties are in talks over a «a potential all share merger of equals», in a deal that would be classified as a reverse takeover under the Financial Conduct Authority's listing rules.

February 26, 2016 - CCGG's Executive Director Stephen Erlichman was quoted in the Globe and Mail relating to the 105 day bid period and poison pills under the CSA's new takeover bid rules.

Bracell will be privatised by way of a scheme of arrangement under the Bermuda Companies Act and in accordance with the requirements of the Hong Kong Code on Takeovers and Mergers and the listing rules of the Hong Kong Stock Exchange.