INDEPENDENT NEWS

Panel declines GPG Forests Limited’s request

Published: Fri 20 Sep 2002 05:24 PM
Panel declines GPG Forests Limited’s request
The Takeovers Panel has declined a request from GPG Forests Limited to hold a meeting under section 32 of the Takeovers Act relating to certain actions taken by Rubicon Limited with respect to GPG’s prospective amended takeover offer for Rubicon.
The Panel met today and considers that Rubicon had not taken or permitted any action that could, in terms of rule 38 of the Takeovers Code:
· effectively result in GPG’s prospective offer being frustrated; or
· deny the holders of Rubicon’s equity securities an opportunity to decide on the merits of GPG’s prospective offer.

Next in Business, Science, and Tech

General Practices Begin Issuing Clause 14 Notices In Relation To The NZNO Primary Practice Pay Equity Claim
By: Genpro
Global Screen Industry Unites For Streaming Platform Regulation And Intellectual Property Protections
By: SPADA
View as: DESKTOP | MOBILE © Scoop Media