Full Text Available
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
Guidelines on advance defences to hostile take-overs
Take-overs A take-over involves a change of control of a company.1 This occurs when the , existing shareholders of a target (or offeree) company transfer sufficient shares to an offeror so as to give to the offeror control of the voting power attaching to the target company's share cap~tal.2 This wi...
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis |
| Language: | English |
| Published: |
Centre for Law and Society
2024
|
| Subjects: | |
| Tags: |
No Tags, Be the first to tag this record!
|
| Summary: | Take-overs A take-over involves a change of control of a company.1 This occurs when the , existing shareholders of a target (or offeree) company transfer sufficient shares to an offeror so as to give to the offeror control of the voting power attaching to the target company's share cap~tal.2 This will occur - (a) where the offeror acquires all or over 50% of the voting shares in the target company; or (b) depending on the nature of the shareholding structure of the target company, effective de facto control may be achieved with less than a 50% shareholding in the target company. Shareholders in many large companies do not bother to vote in person or by proxy at general meetings of shareholders so that a 30% shareholding may give de facto control over a target company.3 |
|---|