In light of the notification from AJL that it intends to commence the Takeover Bid
, the Special Committee has determined it appropriate to take steps to shorten the deposit period for acceptance of the bid from 105 days to 35 days from the date of the bid (including the delivery of a formal valuation) following the formal commencement of the Takeover Bid
Also, the authorisation granted to the board was conditional on the fulfilment of Afarak receiving from the tax authority a legally valid preliminary ruling according to which the provisions of Section 29 of the Finnish Act on Assessment Procedure on disguised dividend does not apply to the acquisition of own shares by Afarak in the takeover bid
; Afarak receiving the required funding for the acquisition of the shares in the takeover bid
on market terms which are approved by the board and the Financial Supervisory Authority approving the offer document drawn up by Afarak with respect to takeover bid
in accordance with the Securities Markets Act.
(8) Thus, the CSA Proposal may well represent the takeover bid
law that will ultimately apply across the country.
FerrAus is not aware of any reason why Wah Nam shareholders will not approve the Takeover Extension particularly given the previous Wah Nam shareholder approval in relation to the takeover bid
was unanimously approved.
According to a national newspaper report, Shell considered a takeover bid
for BP after its rival's share price slumped by half following the Deepwater Horizon explosion in April, which spilled hundreds of millions of barrels of oil into the Gulf of Mexico.
Investment bank Nomura have been advising both the Red Knights and the Manchester United Supporters' Trust (MUST) who have been broadly backing the takeover bid
He holds 29.9% of shares, the highest figure allowed by Stock Exchange rules without a takeover bid
Thus, after failing to submit a takeover bid
, F&C is barred to do so in the next one year, or until February 12, 2011.
: US food giant Kraft is to raise its pounds 10bn hostile takeover bid
for Dairy Milk maker Cadbury in the next two weeks
It comes after the Birminghambased company issued a stinging riposte to US food giant Kraft in an open letter slamming its unsolicited takeover bid
National Express, a UK coach and rail operator, has announced that it has rejected a takeover bid
of around GBP700m from its largest stakeholder.