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Bell Gully's Takeovers Market Practice Report

August 2017 - Corporate and commercial. Legal Developments by Bell Gully.

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Bell Gully's Takeovers Market Practice Report

James Cooney and James Gibson. Partners | Friday 23 June 2017

Bell Gully's Takeovers Market Practice Report is the first in-depth analysis of New Zealand takeovers data since the introduction of the Takeovers Code in 2001. 

The report finds that takeovers that share a combination of two factors – board backing and a price that meets or beats the independent adviser's valuation range – have almost always been successful. It also reinforces that preparation is critical to success. Securing an advance commitment from shareholders or holding a pre-bid stake substantially increases the likelihood of an offer succeeding.

Click here to view​ the full report​​
 
Disclaimer
This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.