Global trend Indonesia France 10% 2% Hong Kong 2% UK - Singapore 1% (in 6 months) Australia 3% (in 6 months) India 5% Source: Takeover Codes of respective countries 1.3 Limits of 1.1 and 1.2 applicable on aggregate and also individual basis The above limits are applicable to shares held ...
andsharerepurchases.TheCodesseektoachievefairtreatmentbyrequiringequalityoftreatmentofshareholders,mandatingdisclosureoftimelyandadequateinformationtoenableshareholderstomakeaninformeddecisionastothemeritsofanofferandensuringthatthereisafairandinformedmarketinthesharesofcompaniesaffectedbytakeovers,mergersandsharerepurchases.The...
Reading between the lines, the new wording opens the door for the SFC to admit (if the question ever arises) that Jardine group is now beyond the reach of the non-statutory Hong Kong takeover code by treating the Jardine-sponsored Bermuda takeover codes as adequate. On the other hand, ...
Commenting on the appointment, David Webb said "I am very pleased to be able to contribute to the Panel's work, and as a member of the Panel I will do my best to improve the protections afforded to public shareholders under the Codes on Takeovers and Mergers and Share Repurchases. In ...
Our sample is from the quarterly CRSP-Compustat merged database between the first quarter of 1983, which is the quarter before the first ATP law was passed, and the first quarter of 2020. We exclude regulated utility firms (Standard Industrial Classification (SIC) codes 4900 to 4999), financia...