PowerTel Ltd (No 2)

Judgment date: 25/07/2003
Court: ATP
Judge: A Lansley (President), C Buys (DP) and Chris Photakis
Citation: [2003] ATP 27; BC200305393;
Catchwords: Corporations;  Takeovers;  Takeover bid;  Consideration less than market price;  

Corporations;  Takeovers;  Attractive to only one shareholder;  Shareholder approval;  

Corporations;  Takeovers;  Whether bid should be subject to sharholder approval;  Efficient market;  

Corporations;  Takeovers;  Equal opportunity to share in benefits;  Disclosure in bidder's/target's statement;  

Corporations;  Takeovers;  Other material information;  Prospective financial information;  

Corporations;  Takeovers;  Misleading statment in bidder's statement;  Rights issue;  

Corporations;  Takeovers;  Panel procedure;  Standing to bring application;  

Corporations;  Takeovers;  Unacceptable circumstances;  Decline to commence proceedings;