Takeovers Panel to look ‘very closely’ at revised Pushpay scheme
No direct precedent in New Zealand for two different prices being offered in the same scheme of arrangement, panel boss says.
Takeovers Panel chief executive Andrew Hudson.
The Takeovers Panel will look very closely at how a new Pushpay scheme of arrangement will protect shareholders after a new bid was revealed this morning, offering $1.42 for most shareholders but $1.34 for hedge funds that bought up shares when the scheme was first announced.
Earlier today , the
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