Proposed amendments to the Takeovers Code welcomed (19 April 2017) (New Zealand)

Simpson Grierson

Unlisted companies will need to meet a revenue and/or asset test before becoming subject to the Takeovers Code, under proposals released by the Takeovers Panel.

The Takeovers Panel has recommended changes be made to the Takeovers Code - the most fundamental change affects the application of the Code with respect to unlisted companies.

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