학술논문
Singapore M&A code amended to clarify provisions and establish an auction system
Document Type
Journal Article
Author
Source
Comp. Law. 2016, 37(10), 327-328
Subject
Language
English
ISSN
0144-1027
Abstract
Outlines some recent amendments adopted by the Singapore Securities Industry Council to its Code on Takeovers and Mergers, including: (1) rules aligning the offer timetables for competing offers and the introduction of an auction procedure triggered if an offer is amended on day 46; and (2) clarification that the prohibition on frustrating a bona fide offer does not prevent a target board from seeking other offers.