sp cause for concern, page-51

http://www.theaustralian.com.au/business/opinion/corporate-watchdog-wants-broad-review-of-takeover-rules/story-e6frg9io-1226423429616



"Two takeover rules crying out for reform are the different treatment of schemes of arrangements and market bids.

If you announced a bid for BHP, you have to do so within two months or you are in breach unless the takeover is to be by way of a scheme, when it could happen in years.

** Likewise, the private equity games of "exploring" or discussing proposals demand a UK type put-up-or-shut-up rule, so the PE teams can't keep a company on hold forever."