Takeovers Panel - Latest News [Page 2]
No Breach Of Code By Radius Properties, Montagu Investment
Friday, 1 March 2013, 4:07 pm | Takeovers Panel
Takeovers Panel Determines No Breach Of The Takeovers Code By Radius Properties And Montagu Investment Holdings More >>
Takeovers Panel to Meet Over Partial Takeover Offer
Friday, 22 February 2013, 6:43 pm | Takeovers Panel
The Takeovers Panel received and considered a formal request from Radius Residential Care Limited (“RRCL”) and Robert Wayne Kent (“Kent”) to convene a meeting under section 32 of the Takeovers Act to inquire into allegations against parties ... More >>
Panel recommends changes to the Takeovers Code
Monday, 20 August 2012, 3:42 pm | Takeovers Panel
The Takeovers Panel has today recommended to the Minister of Commerce, Hon Craig Foss, that a number of amendments are required for the Takeovers Code. The purpose of the amendments is to improve the efficiency of the Code and improve disclosures ... More >>
Takeovers Panel Announces Appointment Of New Chief Executive
Monday, 13 June 2011, 3:07 pm | Takeovers Panel
Takeovers Panel Announces Appointment Of New Chief Executive Mr David Jones, Chairman of the Takeovers Panel, has today announced the appointment of Ms Margaret Bearsley to the position of Chief Executive of the Panel, effective from 1 July 2011. More >>
Panel Considers Response to Judicial Review
Thursday, 14 October 2010, 1:45 pm | Takeovers Panel
The Takeovers Panel is considering the judgment issued following the judicial review proceedings initiated by Marlborough Lines Limited. The judgment, to some extent, clarifies the Panel’s powers and functions. In particular, the judgment endorses ... More >>
Takeovers Panel to Meet Over Horizon Takeover
Tuesday, 9 March 2010, 3:01 pm | Takeovers Panel
The Takeovers Panel received and considered a formal request from Marlborough Lines Limited (Marlborough) to convene a meeting under section 32 of the Takeovers Act to inquire into a large number of allegations made by Marlborough against various ... More >>
Takeovers Panel Calls for Submissions
Friday, 23 October 2009, 4:18 pm | Takeovers Panel
The Takeovers Panel is inviting submissions on a second discussion paper it has published on upstream takeovers. An upstream takeover is a takeover of an entity that is a controlling shareholder of a New Zealand Code company. More >>
Decision On Knott Voting For Its Rubicon Offer
Monday, 6 July 2009, 12:03 pm | Takeovers Panel
The Takeovers Panel today published its decision arising from the meeting of the Panel held on 10 June 2009. The Panel had met to consider the implication of the voting of Rubicon shares owned by certain investment funds managed by Mr David M. ... More >>
Panel Consults on Buybacks Class Exemption
Monday, 4 May 2009, 3:11 pm | Takeovers Panel
The Takeovers Panel has published a consultation paper on one of the class exemptions for buybacks contained in the Takeovers Code Class Exemptions Notice. The particular class exemption allows a person, who together with associates holds or controls more ... More >>
Takeovers Panel Consults on Upstream Takeovers
Friday, 17 April 2009, 3:03 pm | Takeovers Panel
The Takeovers Panel has published a consultation paper on the implications of the Takeovers Code in relation to upstream takeovers. Upstream takeovers occur where a takeover, in New Zealand or overseas, results in an acquirer controlling voting ... More >>
Takeovers Panel Recommends Law Changes
Tuesday, 19 August 2008, 11:50 am | Takeovers Panel
The Takeovers Panel has made recommendations to the Minister of Commerce for changes to the Companies Act 1993 and the Takeovers Act 1993. The changes relate to amalgamations and schemes of arrangement under the Companies Act that involve changes of control ... More >>
Panel To Consider Non-Payment Of Abano Expenses
Tuesday, 24 June 2008, 10:44 am | Takeovers Panel
The Takeovers Panel met today to consider a formal request by Abano Healthcare Group Limited (Abano) that the Panel convene a meeting under section 32 of the Takeovers Act 1993. Abano alleges Crescent Capital Partners Limited (Crescent) refuses to pay ... More >>
Takeovers Panel Consults On The Use Of Schemes
Wednesday, 12 December 2007, 11:34 am | Takeovers Panel
The Takeovers Panel has released a consultation paper on the trend to structure takeovers to avoid the Takeovers Code. More >>
Panel Publishes Kerifresh Decision Reasons
Friday, 23 November 2007, 1:47 pm | Takeovers Panel
The Takeovers Panel has published reasons for its decisions on Kerifresh Limited released on 9 November 2007. More >>
Takeovers Panel Finds Parties Have Not Complied
Sunday, 11 November 2007, 12:46 am | Takeovers Panel
The Takeovers Panel held a meeting in Auckland on 7 November 2007 to consider a number of matters raised in a complaint to the Panel relating to Kerifresh Limited. This follows an earlier meeting of the Panel held on 16 October 2007. More >>
Takeovers Panel To Hold Second Kerifresh Meeting
Thursday, 1 November 2007, 2:53 pm | Takeovers Panel
The Takeovers Panel will hold a meeting under section 32 of the Takeovers Act 1993 (the Act) to investigate an offer currently being made by Lawrence Bruce Fletcher, of the United Kingdom, to purchase up to 335,000 shares in Kerifresh Limited at $2 ... More >>
Kerifresh Shareholders Contravened Takeovers Code
Friday, 19 October 2007, 10:36 am | Takeovers Panel
The Takeovers Panel is not satisfied that certain acquisitions of shares in Kerifresh Limited since 2002 complied with the Takeovers Code. More >>
Takeovers Panel To Meet About Kerifresh
Wednesday, 10 October 2007, 5:29 pm | Takeovers Panel
The Takeovers Panel met today to consider a complaint received from Turners and Growers Limited concerning various transactions in the shares of Kerifresh Limited that have taken place since 2002. More >>
Panel Notes Proposed Humanware Transaction
Thursday, 10 May 2007, 2:23 pm | Takeovers Panel
The Takeovers Panel is aware of the proposal involving Humanware Limited that has received recent media coverage. Humanware, a Christchurch based code company, is amalgamating into a subsidiary of Jolimont Capital, an Australian private equity ... More >>
Panel to Progress Work on "Loophole"
Wednesday, 28 March 2007, 12:44 am | Takeovers Panel
The Takeovers Panel is to undertake further work to resolve the problem of schemes and amalgamations potentially being used to undermine the Takeovers Code. This follows a request by the Minister of Commerce, Hon Lianne Dalziel, that the Panel lead the ... More >>