Examples of Takeovers Act in a sentence
Holders should obtain their own legal advice on this issue.The acquisition and/or exercise of a CitiFirst Instalment MINI may also have implications for certain Holders under the provisions of the Foreign Acquisitions and Takeovers Act 1975 (Cth).
Where a transaction is genuinely urgent, parties will need to clearly demonstrate benefits for Australian business and Australian jobs.Transactions which are exempt from approval under the Foreign Acquisitions and Takeovers Act 1975 (other than due to being below an applicable monetary threshold) are still expected to be exempt.
The Purchaser warrants that in the event that he or she is a person as defined by the Foreign Acquisitions & Takeovers Act 1975 all requirements of the Act have been observed and that any loss occasioned by a breach of such warranty shall form the basis of damages recoverable from the Purchaser.
If the offer has been submitted as a result of the mandatory bid rules in Chapter 3 of the Takeovers Act this is to be stated.
Applicability of the rules to mergers and merger-like processesV.1 The provisions of Section (V) apply where a company as referred to in Chapter 2, section 1, second paragraph of the Takeovers Act (SFS 2006:451), (the offeree/transferor company), is to be taken over by or absorbed into the transferee company or another company in the same group of companies as the transferee company through a merger or merger-like process.
CommentaryThe first paragraph states that the rules apply to such takeover bids as referred to in Chapter 2, section 1, second paragraph of the Takeovers Act (SFS 2006:451).
This rule means that in cases where a transaction is carried out by one or more of the listed parties at the time of the close relationship, the consequences are the same as if the offeror itself had carried out the transaction.This rule is compatible in all material respects with the provisions of Chapter 3, section 5 of the Takeovers Act, where it is relevant to the issue of whether or not there is a requirement to make a mandatory offer.
In these rules, subject to certain exceptions, the terms “share” and “shareholder”are also used when reference is made to other securities equated here with shares and holders of such securities.Since the scope of the rules is the same as that of the rules governing takeover bids in the Takeovers Act, mergers and merger-like processes fall outside the scope of the provisions in Rule I.1. However, such procedures are governed by the provisions of Section V, as stated in the fourth paragraph.
Proposals for foreign acquisition of Australian banks are subject to approval by the Treasurer under the Foreign Acquisitions and Takeovers Act 1975.
The effect on your CitiFirst Commodity MINI of any future regulatory change (whether in Australia or internationally) is impossible to predict, but investors should note that these could be substantial and potentially adverse to your investment in the CitiFirst Commodity MINIs. The acquisition and/or exercise of a CitiFirst Commodity MINI may have implications for prospective Holders under the provisions of the Foreign Acquisitions and Takeovers Act 1975 (Cth).