The Company refers to the announcement made by AJL concurrently with this announcement pursuant to which AJL has announced its intention to launch a binding takeover bid
offer to acquire all of the issued and outstanding Common Shares that it does not already own at a price of GBP1 per Common Share (the 'Takeover Bid
') in compliance with National Instrument 62-104 - Take-Over Bids and Issuer Bids ('NI 62-104') and MI 61-101.
After 227 years in operation, the LSE was taken by surprise in August 2000 when OM Group made a hostile takeover bid
. The LSE board repeatedly criticized the $1.2-billion offer as "inadequate," prompting OM Group to eventually raise its bid to around $1.46 billion.
The share offer price to be paid by Afarak in the takeover bid
shall be EUR1.015 per share (share offer price).
The hostile takeover bid
which was shunned by Mindtree's founders last week, who said it would not create value for the firm or its shareholders.
Urs Rohner, chair of Credit Suisse has said that a takeover bid
for the firm is unlikely even though it is now only worth about half of what it was worth five years ago.
Analysts have been skeptical of takeover bids
for Hershey in the past.
The relief applies to certain domestic and foreign takeover bids
, accelerated rights issues, investor directed portfolio services (IDPS), share buy-backs and downstream acquisitions and is set out in the following new legislative instruments:
When faced with an unwanted acquisition proposal, a target board of directors may seek shareholder approval for a shareholder rights plan or "poison pill" to prevent acquisitions of its securities above the twenty per cent legislative takeover bid
They will now give the rank-and-file support the final say on whether to accept the takeover bid
Business Secretary Vince Cable will face questions over his handling of News Corporation's takeover bid
for BSkyB when he appears at the Leveson Inquiry into media standards on Wednesday.
Roche on Monday announced that it has increased its takeover bid
for Illumina with a new offer now valuing the company at USD6.7bn.
The takeover bid
is seen to be launched from 16 December 2011 to 19 January 2012.