It as a scheme of arrangement, which is different to a takeover bid.
"The proposal and implementation of a scheme requires a joint bidder-target effort. In contrast, a takeover bid involves the bidder and target undertaking discrete roles with specific areas of responsibility"
A scheme implementation is binding on the target (not the target shareholders though) hence the break fee.
- Forums
- ASX - By Stock
- Ann: Atlas withdraws MinRes Scheme recommendation
It as a scheme of arrangement, which is different to a takeover...
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online