Takeovers Panel. 7 Feb, 2022 Bullseye Mining Limited 03 -...

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