Takeovers Panel - Latest News [Page 3]
Panel In Court On Scheme Of Arrangement
Tuesday, 7 November 2006, 10:58 am | Takeovers Panel
The Panel has recently been involved in proceedings in the High Court and the Court of Appeal in relation to a scheme of arrangement being promoted by the Dominion Funds group of companies under Part XV of the Companies Act. The Panel believes the decisions ... More >>
Dorchester Pacific Shareholders To Sell Shares
Wednesday, 23 August 2006, 9:22 am | Takeovers Panel
The Takeovers Panel has today accepted undertakings from Hugh Green Investments Limited and Mr Robert Carter to sell shares in Dorchester Pacific Limited. More >>
Takeovers Panel moves to protect shareholders
Monday, 19 June 2006, 4:34 pm | Takeovers Panel
The Takeovers Panel is seeking public comment on the use of schemes of arrangement and amalgamations to merge or acquire code companies. A code company is a listed company or a company with 50 or more shareholders and assets of $20m or more. More >>
Panel policy on schemes of arrangement
Monday, 15 May 2006, 2:58 pm | Takeovers Panel
The Takeovers Panel is concerned about the increasing use of schemes of arrangement under the Companies Act 1993 as a means of avoiding the provisions of the Takeovers Code. This issue was outlined in a recent discussion paper released by the Panel ... More >>
Contact Energy/Origin Energy Exemption Application
Thursday, 11 May 2006, 3:18 pm | Takeovers Panel
Contact Energy Limited announced yesterday that it has received in-principle approvals for the exemptions from provisions of the Takeovers Code which it had sought in relation to a proposed merger transaction with Origin Energy Limited. The Panel wishes to ... More >>
Panel Cancels Meeting On Allied Farmers' Proposal
Monday, 24 April 2006, 4:14 pm | Takeovers Panel
The Takeovers Panel has cancelled the meeting it had convened to determine whether Allied Farmers Limited’s proposed takeover offer for Prime Finance Limited complies with the Code. The meeting was to have been held on Wednesday 24 April 2006. More >>
Allied Farmers’ Proposed Offer May Not Comply
Friday, 21 April 2006, 11:55 am | Takeovers Panel
The Takeovers Panel will hold a meeting on Wednesday 26 April 2006 to determine whether Allied Farmers Limited’s proposed takeover offer for Prime Finance Limited complies with the Code. More >>
Offer For CHH Does Not Comply With Takeovers Code
Wednesday, 15 February 2006, 5:00 pm | Takeovers Panel
Rank Group Investments Limited’s proposed takeover offer for Carter Holt Harvey Limited does not comply with the Code, the Takeovers Panel has determined. More >>
Panel Welcomes Oyster Bay Decision
Tuesday, 29 November 2005, 9:07 am | Takeovers Panel
The Takeovers Panel has welcomed the High Court’s decision to cancel the partial takeover offer of Oyster Bay Marlborough Vineyards Limited by Delegat’s Wine Estate Limited. More >>
Takeovers Panel Changes Position On Oyster Bay
Friday, 18 November 2005, 2:29 pm | Takeovers Panel
The Takeovers Panel has today advised the Court that it has changed its view on remedies to resolve the takeover offer for Oyster Bay Marlborough Vineyards by Delegat’s Wine Estate Limited. More >>
Panel Returns To Court On Oyster Bay Takeover
Wednesday, 26 October 2005, 5:28 pm | Takeovers Panel
The Takeovers Panel has today filed a further application in its Wellington High Court proceedings relating to the partial takeover offer by Delegat’s Wine Estate Limited for 50.1% of the shares of Oyster Bay Marlborough Vineyards Limited. More >>
Court upholds Takeovers Panel’s application
Monday, 10 October 2005, 9:46 am | Takeovers Panel
The High Court in Wellington today issued interim orders relating to the disputed partial takeover offer for Oyster Bay Marlborough Vineyards Limited by Delegat’s Wine Estate Limited. More >>
Takeovers Panel to seek Court remedies
Tuesday, 4 October 2005, 5:30 pm | Takeovers Panel
The Takeovers Panel is to file proceedings in the High Court seeking orders from the Court that prescribe remedies for the situation which has developed in the Delegat’s takeover offer for Oyster Bay. More >>
Takeovers Panel Finds Oyster Bay Contravened Code
Thursday, 22 September 2005, 4:35 pm | Takeovers Panel
The Takeovers Panel met on 20 September 2005 to consider complaints by Peter Yealands Investments Limited and Mr David Rankin about the target company statement issued by Oyster Bay Marlborough Vineyards Limited in response to Delegat’s Wine Estate ... More >>
Complaint Re Shareholders of Dorchester Pacific
Monday, 19 September 2005, 1:14 pm | Takeovers Panel
The Takeovers Panel received a complaint made by the New Zealand Shareholders Association in connection with the exercise of voting rights at a recent annual general meeting of Dorchester Pacific Limited by Bridgecorp Holdings Limited and Hugh Green Investments ... More >>
Takeovers Panel To Meet On Oyster Bay
Wednesday, 14 September 2005, 5:27 pm | Takeovers Panel
The Takeovers Panel will hold a meeting under section 32 of the Takeovers Act 1993 to determine whether to use its powers in relation to Oyster Bay Marlborough Vineyards Limited (Oyster Bay). Oyster Bay is currently the subject of a partial takeover offer ... More >>
Takeovers Panel complaints relating to Oyster Bay
Monday, 11 July 2005, 5:11 pm | Takeovers Panel
The Takeovers Panel today considered a complaint by the committee of independent directors of Oyster Bay Marlborough Vineyards Limited (Oyster Bay). The complaint related to a possible sale of Oyster Bay shares by Peter Yealands Investments Limited ... More >>
Proposed Sale by Capital Properties
Thursday, 20 January 2005, 4:06 pm | Takeovers Panel
A complaint by Kiwi Income Property Trust (KIPT) in connection with a proposed sale by Capital Properties New Zealand Limited (Capital Properties) of the management rights over its property assets was considered by the Takeovers Panel today. More >>
Complaint Regarding Northland Regional Council
Friday, 17 December 2004, 2:18 pm | Takeovers Panel
Complaint Regarding Northland Regional Council Proposed Sale of Shares in Northland Port Corporation to Ports of Auckland More >>
Takeovers Panel Declines Further Vector Exemption
Monday, 29 November 2004, 9:49 am | Takeovers Panel
The Panel has today declined an exemption application from Vector Limited in respect of its proposed takeover offer for all the shares in NGC Holdings Limited (NGC). More >>