On 30 January, the DOJ issued a complaint to block the takeover of Juniper Networks by HP Enterprises. HPE and Juniper are the second- and third- largest providers, respectively proposed transaction would eliminate fierce head-to-head competition between the companies, raise prices, reduce innovation, diminish choice for scores of American businesses and institutions, in violation of […]
On 27 January 2025, the SFC updated the Takeover Table A new takeover offer period has commenced for Howkingtech International Holding Limited (stock code: 2440) from 24 January 2025 A new takeover offer period has commenced for China ZhengTong Auto Services Holdings Limited (stock code: 1728) from 26 January 2025
On 20 January 2025, DEN FSA consulted on draft executive order on takeover bids. Order previously subject to consultation from 8 January 2024 to 20 February 2024. Amended draft incorporates further changes due to the adoption of the Omnibus Directive and the EU reg on European points of single contact (ESAP). Publication of order postponed […]
On 8 January 2025, PAK SEC issued proposal re listed companies takeover regs. PAK SEC issued consultation paper seeking feedback on improvements to Listed companies (substantial acquisition of voting shares and takeovers) regulations 2017. Aims to strengthen takeover transactions of listed companies’ framework by enhancing transparency, introducing measures for safeguarding rights of minority shareholders. Follows […]
On 10 January 2025, CHI CSRC issued interpretation for acquisition / takeover measures. CHI CSRC issued Interpretation no. 19 to clarify, standardize the application of articles 13 and 14 of the Measures for the administration on acquisition / takeover of listed companies. Interpretation Details Thresholds of 5%, 1% in articles 13, 14 apply only to […]
On 10 January 2025, IND SEBI proposed to increase size criteria on disclosure. IND SEBI proposed to increase size criteria under additional disclosure framework. Follows IND SEBI August 203 issued circular on additional disclosures by FPIs. Proposal Threshold for equity assets under management (AUM) requiring additional disclosures proposed to be upped to INR 50k crores, […]