Sydney Gas Ltd 02

Judgment date: 28/04/2006
Court: ATP
Judge: M Ashforth, B Jolley (P) and J O'Sullivan (DP)
Citation: [2006] ATP 18; BC200604997;
Catchwords: Corporations;  Takeovers;  Recapitalisation plan;  Unacceptable circumstances;  

Corporations;  Takeovers;  Unacceptable circumstances;  Acting in concert;  

Corporations;  Takeovers;  Unacceptable circumstances;  Association;  

Corporations;  Takeovers;  Additional disclosure;  Offer to provide further information;  

Corporations;  Takeovers;  ASX Listing Rules;  Shareholder approval;  

Corporations;  Takeovers;  Content of target's statement;  Sufficiency of information;  

Corporations;  Takeovers;  Convertible notes;  Funding to redeem;  

Corporations;  Takeovers;  Dilution of shareholders;  Effect on control of rights issue;  

Corporations;  Takeovers;  Frustrating action;  Rights issue as trigger;  

Corporations;  Takeovers;  Identity of underwriter;  Disclosure;  

Corporations;  Takeovers;  Unacceptable circumstances;  Misleading information;  

Corporations;  Takeovers;  Pricing of rights issue;  Current market price;  

Corporations;  Takeovers;  Public offer;  Shortfall of rights issue;  

Corporations;  Takeovers;  Shareholder approval;  Shareholder approval of rights issue;  

Corporations;  Takeovers;  Shortfall facility;  Undertaking to take up modest amount under facility;  

Corporations;  Takeovers;  Sub-underwriter;  Basis for claim of association;  

Corporations;  Takeovers;  Unacceptable circumstances;  Supplementary bidder's statement;  

Corporations;  Takeovers;  Underwriter;  Underwriting agreement;