Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Court upholds Takeovers Panel’s application

7 October 2005

Court upholds Takeovers Panel’s application for orders restraining Delegat’s and Oyster Bay

The High Court in Wellington today issued interim orders relating to the disputed partial takeover offer for Oyster Bay Marlborough Vineyards Limited by Delegat’s Wine Estate Limited.

In today’s hearing Justice Miller considered the proceedings filed by the Panel yesterday, seeking the orders.

The orders:

- restrain Delegat’s from acquiring any securities in Oyster Bay, or any interest in or rights relating to such securities; and

- direct Oyster Bay not to register the transfer or transmission of any securities arising from Delegat’s takeover offer.

The orders remain in force until any further orders of the Court.

Delegat’s application for a judicial review of the orders made by the Panel on 22nd September 2005 was also heard today. Justice Miller found that that application must fail.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



Climate Leaders Coalition: Launches New Statement Of Ambition, Appoints New CEO Convenor

The Climate Leaders Coalition is tonight officially launching a new Statement of Ambition to accelerate business action on climate change... More>>


Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>



International Business Forum: NZ EU FTA Coming Down To The Wire – Hold The Line

As negotiations accelerate to conclude an ambitious free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), representing a cross section of major exporters... More>>


MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>



Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>