Wrong way go back - reversing the reverse takeover: Gloucester Coal Panel Decision

27 March 2009

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• The Panel has at times been criticised for being too “pro-bidder”. However if shareholders don’t vote in favour of the Whitehaven merger it will be the first time the Panel has stopped a bid.
• The decision will raise more questions than it answers – Panel guidance is likely to follow.
• Gloucester and Whitehaven have applied for a review of the Panel decision – watch this space.

For a full copy of this document, please download the attached PDF via the link on the right.

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This article provides information about topical legal issues.
Information contained in this article is intended as an introduction only and should not be relied on in place of legal advice.