ASX submission: Review of approvals required for reverse takeovers

Read OM’s submission to the ASX’s call for consultation on whether it should introduce a rule making ‘reverse takeovers’ – where the ‘bidder’ shareholders end up with less than half the merged company – conditional on bidder shareholder approval. ASX is rare among global peer exchanges such as the LSE, HKEx, SGX and NYSE in not requiring any bidder shareholder approval in this situation.

The submission can be downloaded by clicking on the following link:

ASX submission: Review of approvals required for reverse takeovers