Bright line test; chilling effect of uncertainty; Competing Offers; Conflicting Control Scenario; consent; content of bidder's statement; control; corporate governance; declaration of unacceptable circumstances; defeating conditions; demerger; directors' duties; disclosure in bidder's statement; dispute; efficient market; final orders; first mover; frustrating action; London Takeover Panel; non-waivable condition; offerees inhibited; orders; Pac Man defence; probative material; reasonable period to consider offers; rival offers; scrip offers; stalemate; Termination Term; Treasury shares; uncertainty due to possible litigation; undertaking; voiding of transfer
Glencore International AG (ACN 114 271 055) v Takeovers Panel [2006] FCA 274; Hawker De Havilland Limited; Ian Edric Prowse and Westinghouse Brake and Signal Company (Aust.) Limited and: Australian Securities Commission and BTR Plc and BTR Nylex Limited 6 ACSR 579 (1991)
