An updated edition of the Singaporean Takeovers and Mergers Code has been published by the Monetary Authority of Singapore: see here. The new Code takes effect on 25 March and has been amended to clarify, amongst other things, that a board's solicitation of a competing offer does not amount to the frustration of the existing offer.Thursday, 10 March 2016
Singapore: MAS publishes updated takeover code
An updated edition of the Singaporean Takeovers and Mergers Code has been published by the Monetary Authority of Singapore: see here. The new Code takes effect on 25 March and has been amended to clarify, amongst other things, that a board's solicitation of a competing offer does not amount to the frustration of the existing offer.
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