'The Takeovers Panel is probing the trading of shares between parties, which are allegedly connected to Ms Hutson, and where that relationship had not been disclosed, potentially a breach of corporations legislation.
G8 repeatedly denied the allegations but agreed to process bid acceptances from Taxonomy, West Bridge Holdings and JB Super, the three allegedly related parties.
According to documents lodged with the corporate regulator, West Bridge was established just days before G8’s first bid, an all-scrip offer valuing Affinity at about 70c a share.
Both West Bridge and Taxonomy had used the services of McCullough Robertson, a Brisbane-based law firm where Ms Hutson was once a partner, to lodge documents with the Australian Securities & Investments Commission.' http://www.theaustralian.com.au/bus...led-affinity-bid/story-fn91v9q3-1227542740107
GEM Price at posting:
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