Takeovers

This unit focuses on regulation of the principal means of acquiring control of Australian listed companies. The content will have a practical focus which assumes some general background knowledge of corporate law and the regulation of listed companies. Topics covered include: The desirability of takeovers and the need for regulation; The general scheme of regulation in Australia; The principal means of effecting takeovers; Defensive strategies and tactics; Compulsory acquisition; The regulatory structure and respective roles and powers of ASIC, the Takeovers Panel, ASX and the Courts. The unit will equip students with an understanding of the structure of regulation of takeovers in Australia including the respective roles and principal powers of ASIC, the Takeovers Panel and ASX, and review of their decisions.