Ann: Extension of Voluntary Suspension, page-137

  1. 527 Posts.
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    I don't think they can start negotiations on a corp transaction until the technical results are released, they certainly cannot progress them.

    takeover laws are designed to further three main takeover principles:
    a. the acquisition of control takes place in an efficient, competitive and informed market;
    b. target shareholders have a reasonable time to consider a control proposal and know the identity of the proponent, and
    c.target shareholders are all treated equally under any control proposal.

    a. is most relevant - until the technical results are released, it is not an "informed market".


    https://www.minterellison.com/articles/summary-of-australian-takeover-laws

 
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