Consolidated Minerals Ltd 03

Judgment date: 1/11/2007
Court: ATP
Judge: J Keeves (President) A McCleary (DP) and S Withers
Citation: (2007) 25 ACLC 1729; [2007] ATP 25; BC200709569;
Catchwords: Corporations;  Takeovers;  Off market takeover bid;  Declaration of unacceptable circumstances;  

Corporations;  Takeovers;  Top-up note;  Top-up payment;  

Corporations;  Takeovers;  Top-up note;  Matching other bid;  

Corporations;  Takeovers;  Top-up note;  Anti-competitive effect;  

Corporations;  Takeovers;  Efficient, informed and competitive market;  Competing bids;  

Corporations;  Takeovers;  Efficient, informed and competitive market;  Auction process upon which Ch 6 predicated;  

Corporations;  Takeovers;  Shareholders;  Enough information to assess merits;  

Corporations;  Takeovers;  Offer period;  No voluntary extension of offer period;  

Corporations;  Takeovers;  No voluntary extension of offer period;  Last and final statement;  

Corporations;  Takeovers;  Funding risk;  Credit risk;  

Corporations;  Takeovers;  Likely adverse effect of top-up note;  Meaning of' 'likely';