Wattyl Ltd

Judgment date: 28/03/2006
Court: ATP
Judge: K Farrell (P), M Hellicar and A McCleary (DP)
Citation: (2006) 57 ACSR 362; [2006] ATP 11; BC200603785;
Catchwords: Corporations;  Takeovers;  Disclosure requirements;  Competition concerns;  

Corporations;  Takeovers;  Additional disclosure;  Assumptions;  

Corporations;  Takeovers;  Break fee;  Competition;  

Corporations;  Takeovers;  Content of target's statement;  Corrective disclosure;  

Corporations;  Takeovers;  Defeating condition;  Effect of payment of special dividend;  

Corporations;  Takeovers;  Exclusivity agreement;  Investigating accountant's report;  

Corporations;  Takeovers;  Lock-up devices;  Negative assurance;  

Corporations;  Takeovers;  No-shop;  No-talk period of break fee;  

Corporations;  Takeovers;  Pre-bid agreement;  Reconciliation of chairman's statement on ACCC opposition;  

Corporations;  Takeovers;  Revenue growth and margin forecasts;  Risk of non-satisfaction of condition during period of rival bid;  

Corporations;  Takeovers;  Selective payment of special dividend;  Supplementary target's statement;  

Corporations;  Takeovers;  Undertaking;  Proceedings concluded based on undertakings;