CORPORATE LAW: MANDATORY OFFER REGIME IN NEED OF PRECISE EXEMPTIONS AND LEEWAY

Authors

  • Paul Nkoane

DOI:

https://doi.org/10.17159/obiter.v37i1.11562

Keywords:

Mandatory offers, acquisitions, exemptions, acquisition of securities, regulated company

Abstract

Mandatory offers are generally envisioned to curb unfair and abusive conduct during and after acquisition of securities in a regulated company. The regime is designed to offer minorities an opportunity to exit the company during takeovers. Mandatory offers are formulated to regulate all acquisitions in the range of the prescribed percentage. Only where the Panel exempts an offeror will the transaction not be covered by the rules of mandatory offers. In keeping with the purpose of the
Companies Act, this article is intended to indicate that clear and precise exemptions must form an integral component of this regime.

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Published

01-04-2016

Issue

Section

Articles

How to Cite

CORPORATE LAW: MANDATORY OFFER REGIME IN NEED OF PRECISE EXEMPTIONS AND LEEWAY. (2016). Obiter, 37(1). https://doi.org/10.17159/obiter.v37i1.11562