The Takeovers Panel in Australia has issued a final version of Guidance Note 7 on lock-up devices, says Baker & McKenzie. Essentially, GN7 states that while lock-up devices are not inappropriate per se, the panel is concerned to ensure that transactions take place in an efficient, competitive and informed market.
- lock-up devices,
- guidance note 7
Available at: http://works.bepress.com/danielle_irelandpiper/3/