Bigshop.com.au Limited 01 [2001] ATP 20 (Takeovers Panel) — Proposed Placement Of Shares — Barrister AI
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Bigshop.com.au Limited 01
[2001] ATP 20 (Takeovers Panel)
Takeovers Panel
Good law / bad law (paid plan)
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Interrogate
Catchwords
Takeover bid - proposed placement of shares - implementation of placement without shareholder approval - allegation of frustrating action - improper purpose - defeating conditions - bidder’s conditions not unusual - delay in making application - caretaker directors - directors’ conduct - two minimum acceptance conditions may confuse - interim orders - final orders Corporations Act 2001 (Cth), sections 50AA, 602, 648E and 657E Pinnacle VRB Ltd (No 5) [2001] ATP 14 Pinnacle VRB Ltd (No 8) [2001] ATP 17, applied
Case Details
Citation
[2001] ATP 20
Court
Takeovers Panel
Jurisdiction
Commonwealth
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