The problematic popularity of schemes of arrangement
Schemes of arrangement bring things out into the open, Brian Gaynor says: "It puts a company in play, so to speak".
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The Takeovers Panel estimates up to a third of all takeovers in New Zealand could be run via schemes of arrangement within a few years.
But the Shareholders Association is concerned they work against retail investors in some cases, a view shared by Milford Asset Management director Brian Gaynor,
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Fiona Rotherham
Mon, 26 Jun 2017
Mon, 26 Jun 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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The problematic popularity of schemes of arrangement
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