«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.»
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.
Huayra has entered into a binding letter of intent with Angel Bioventures Inc. (TSX.V: DDD.H) to complete a reverse
takeover transaction («RTO»).
Martello entered into an agreement with TSX Venture Exchange listed shell company Newcastle Energy Corporation to complete a reverse
takeover transaction.
It is possible that the federal government — currently the only barrier to the completion of
the takeover transaction — might suggest that it is not worthwhile for the transaction to be completed.