Review of Panel decision - breach of section 606 - “creep exception” - exercising creep exception during takeover bid - equal opportunity principle - allegation of association between underwriter and major shareholder - onus - major shareholder’s failure to accept rights offer or exercise rights - no evidence of association - not unacceptable to protect own interests - confidentiality - media comment
Corporations Act 2001 (Cth), sections 12(2), 606, 609(2) and item 9 section 611 Australian Securities and Investments Commission Act 2001 (Cth), section 190(1)
