Becker Group Ltd

Judgment date: 19/06/2007
Court: ATP
Judge: B Heading (P), P Scott (DP) and G Brunsdon
Citation: [2007] ATP 13; BC200708148;
Catchwords: Corporations;  Takeovers;  Asset sale;  Unacceptable circumstances;  

Corporations;  Takeovers;  Asset sale;  Control issues;  

Corporations;  Takeovers;  Association;  Acting in concert;  

Corporations;  Takeovers;  Auction for control;  Maximisation of potential return;  

Corporations;  Takeovers;  Assets;  Book value;  

Corporations;  Takeovers;  Collateral benefits;  Competitive disposal of assets;  

Corporations;  Takeovers;  Commercial resolution;  Fair market price;  

Corporations;  Takeovers;  Conditions;  Execution of asset sale deed;  

Corporations;  Takeovers;  Confirmation of no future agreement;  Conflict of interests;  

Corporations;  Takeovers;  Break fee;  Setting aside;  

Corporations;  Takeovers;  Content of target's statement;  Superior offer;  

Corporations;  Takeovers;  Control premiums;  Effect on control;  

Corporations;  Takeovers;  Efficient market;  Control issues related to efficient market;  

Corporations;  Takeovers;  Efficient market;  Elimination of benefits;  

Corporations;  Takeovers;  Independent expert's report;  Interrelatedness of takeover and asset sale;  

Corporations;  Takeovers;  Implementation agreement;  Non-solicitation clause;  

Corporations;  Takeovers;  Offer;  Inducement;  

Corporations;  Takeovers;  Negotiations;  Insider participation;  

Corporations;  Takeovers;  Interconnectedness;  Interdependent transactions;  

Corporations;  Takeovers;  Asset value;  Market testing of asset value;  

Corporations;  Takeovers;  Right to acquire asset;  Sale of asset;  

Corporations;  Takeovers;  Shareholder approval;  Shareholders entitled to act in own interests;  

Corporations;  Takeovers;  Supplementary bidder's statement;  Statements as to intentions for assets;  

Corporations;  Takeovers;  Prominent statements;  Supplementary bidder's/target's statement;  

Corporations;  Takeovers;  Asset sale report;  Price adjustment mechanism;  

Corporations;  Takeovers;  Undertakings;  Voting arrangements;  

Corporations;  Takeovers;  Voting;  Voting by insider;  

Corporations;  Takeovers;  Voting;  Voting exclusion order;  

Corporations;  Takeovers;  Asset sale;  Voting intentions;  

Corporations;  Takeovers;  Asset sale;  Payment date;  

Corporations;  Takeovers;  Target;  No shop, no talk, non-solicitation agreement;