Takeovers Panel rules on Magnolia bid
Takeovers Panel rules on Magnolia bid 01 February 2021 The Australian Government Takeovers Panel has made a declaration and final orders in the Magnolia v The Agency saga. In a statement from the Takeovers Panel, it said, “among other things, that proper assessment of Magnolia’s proposal has been, and continues to be, inhibited by a failure to indicate clearly which sources of funding are to be used to pay the considerations, that persons providing cash considerations were appropriately bound to do so or had otherwise accepted responsibility for statements regarding their intention to pr...