Bell Gully's Takeovers Market Practice Report
James Cooney and James Gibson. Partners | Friday 23 June 2017
Bell Gully's Takeovers Market Practice Report is the first in-depth analysis of New Zealand takeovers data since the introduction of the Takeovers Code in 2001.
The report finds that takeovers that share a combination of two factors – board backing and a price that meets or beats the independent adviser's valuation range – have almost always been successful. It also reinforces that preparation is critical to success. Securing an advance commitment from shareholders or holding a pre-bid stake substantially increases the likelihood of an offer succeeding.
Disclaimer
This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.