An offer was made to purchase the entire share capital of a company, but the documents were not served on shareholders in certain foreign countries because of difficulties in complying with regulatory provisions. Having received acceptance from more than 90 per cent of shareholders, the company sent to all remaining shareholders notices requiring the sale of the their shareholdings. Some objected that the second notices were invalid since they had not had served on them the original notices. Held the notices were upheld. They related to the offer as a whole, not to service of the offer, and that offer could not fail because of a failure to serve notice on a few shareholders.
Citations:
Times 15-Nov-2000, Gazette 16-Nov-2000
Statutes:
Jurisdiction:
England and Wales
Cited by:
Appeal from – Winpar Holdings Ltd v Joseph Holt Group plc CA 24-May-2001
An offer was made to purchase the entire share capital of a company, but the offer allowed for different arrangements for service on shareholders in certain foreign countries because of difficulties in complying with local regulatory provisions. The . .
Lists of cited by and citing cases may be incomplete.
Company
Updated: 19 July 2022; Ref: scu.81966
