I know there's a lot of case law and commentary around share buying and selling by directors around take over periods so it could be prudent to avoid that. There was an ASIC case just a year or so ago where shares were purchased with knowledge of a pending take over.
But I am not sure there's anything actually preventing him from doing so. Could be interpreted either way IMO.
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I know there's a lot of case law and commentary around share...
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