Scoop has an Ethical Paywall
Licence needed for work use Learn More
Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Panel Notes Proposed Humanware Transaction

10 May 2007

Panel Notes Proposed Humanware Transaction

The Takeovers Panel is aware of the proposal involving Humanware Limited that has received recent media coverage. Humanware, a Christchurch based code company, is amalgamating into a subsidiary of Jolimont Capital, an Australian private equity firm. Shareholder approval is being sought on that proposal in the near future.

This is a transaction of the type that caused concern to the market last year and resulted in the Panel being asked to make new recommendations to the Minister of Commerce about possible changes to the law.

The Panel is currently preparing a consultation paper on the use of amalgamations and schemes of arrangement to effect changes of control of Code Companies, for publication later this year.

The Panel makes no comment on the merits of the proposed amalgamation.

ENDS

Advertisement - scroll to continue reading

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 
 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.