Takeovers Panel.
7 Feb, 2022
Bullseye Mining Limited 03 - Declaration of Unacceptable Circumstances and Orders.
This is all very interesting.
The Takeovers Panel Order that interests me the most, is the one that " ... requires Bullseye Director's acceptances of the Emerald offer (for their shares) to be cancelled if a superior offer is submitted ... ".
However, in my opinion, the judging of a superior offer can be somewhat subjective at times.
And the other one that says " ... Emerald cannot (effectively) nominate directors to the Bullseye board ... ".
(Click on the pdf file on the Takeovers Panel web site to read the judgement).
https://www.takeovers.gov.au/content/DisplayDoc.aspx?doc=media_releases/2022/012.htm
Gw
Ann: Recommended and Unconditional Takeover Offer for Bullseye, page-2
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