Tag Archives: takeovers

U.K. – CMA Paypal/iZettle Takeover

On 12 June 2019, UK CMA confirmed it had cleared PayPal’s completed takeover of rival mobile payments company iZettle after an in-depth, Phase 2, investigation. While iZettle and PayPal are 2 of the largest suppliers of mPOS devices, the firms' customers are also willing to switch to more traditional style point of sale devices. Two…
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Oman – CMA Acquisition, Takeovers

On 23 May 2019, OMN CMA issued takeover and acquisition regulation. Issued administrative decision issuing the Takeover and Acquisition Regulation for public joint stock companies listed on the Muscat Securities Market (MSM). Published in Official Gazette on May 19 pursuant to Art. 7 of Capital Market Law. Key Points Regulation aims to regulate takeover and…
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Brazil – CVM Takeover Bids Changes

On 10 May 2019, CVM proposed changes to rules on takeover bids. Consultation on amendments to CVM Instruction 361 on tender offer procedures. Key Changes The instruction relates to tender offers for publicly held company shares (OPA). Changes limited in scope, seek to take into account experience in actual cases. Re submission of OPA by increasing…
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