I had understood that in the event of a failed take over bid that a second bid cannot be made for at least 12 months.
The questions now is KBC's bid a failed bid and will they have to wait 12 months to launch a second
OR:
Is KBC's bid still alive and that the shares illegally acquired and disposed by ASIC is the only consideration.
I note that the time limit on a takeover bid from your link above is 105 days + 14 days to mop-up the tail.
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- Ann: ADIT Takeover Bid not to proceed
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I had understood that in the event of a failed take over bid...
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