Summit Resources Ltd

Judgment date: 11/05/2007
Court: ATP
Judge: A Lansley (Deputy President), S McKeon (Sitting President) and R Sultan
Citation: (2007) 64 ACSR 626; [2007] ATP 9; BC200705502;
Catchwords: Corporations;  Takeovers;  Misleading statements;  Unacceptable circumstances;  

Corporations;  Takeovers;  Declaration of unacceptable circumstances;  No orders to appropriately remedy effects of unacceptable circumstances;  

Corporations;  Takeovers;  Off-market bid;  Unconditional off-market scrip takeover bid;  

Corporations;  Takeovers;  Voting;  Intention to vote;  

Corporations;  Takeovers;  Departure from unqualified intention statement;  Unforeseeable circumstances justifying departure;  

Corporations;  Takeovers;  Takeovers regime;  Truth in takeovers;  

Corporations;  Takeovers;  Supplementary target's statement;  Effect on target's shareholders;  

Corporations;  Takeovers;  Opportunity to withdraw acceptances;  Utility of opportunity to exercise withdrawal rights;