n Without Prejudice - Concert behaviour : company law
|Article Title||Concert behaviour : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Jul 2007|
Most investors know that when a company is the subject of an affected transaction, the person who acquires control is obliged to extend a like offer to other shareholders in the company. This applies equally to the acquisition of control by persons acting in concert. The obligation is spelt out in the Securities Regulation Code, which is regulated by the Securities Regulation Panel (SRP).
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