Reverse takeover: Difference between revisions
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A reverse takeover is the acquisition of a listed company by a private company. | A reverse takeover is the acquisition of a listed company by a private company. | ||
<span style="color:#4B0082">'''''Reverse complexity'''''</span> | |||
:"The reverse takeover created complexity from an M&A and listing perspective. | |||
:It required us to issue the prospectus when we agreed the merger, but then we had to essentially delist and relist with a second prospectus when the transaction completed. | |||
:Being large competitors, there was obviously a competition authority process as well. | |||
:That went through a Phase 1 CMA process [a local regional-based decision] that was successful and the transaction completed early last year." | |||
:''Adam Richford FCA FCT, Group Treasurer, Renewi, The Treasurer, August 2018, p17.'' | |||
== See also == | == See also == | ||
* [[CMA]] | |||
* [[De-listing]] | * [[De-listing]] | ||
* [[Listed company]] | * [[Listed company]] | ||
* [[Listing]] | * [[Listing]] | ||
* [[M&A]] | |||
* [[Merger]] | |||
* [[Private company]] | * [[Private company]] | ||
* [[Prospectus]] | * [[Prospectus]] | ||
* [[Re-listing]] | * [[Re-listing]] | ||
* [[Takeover offer]] | * [[Takeover offer]] | ||
Revision as of 09:12, 4 August 2018
A reverse takeover is the acquisition of a listed company by a private company.
Reverse complexity
- "The reverse takeover created complexity from an M&A and listing perspective.
- It required us to issue the prospectus when we agreed the merger, but then we had to essentially delist and relist with a second prospectus when the transaction completed.
- Being large competitors, there was obviously a competition authority process as well.
- That went through a Phase 1 CMA process [a local regional-based decision] that was successful and the transaction completed early last year."
- Adam Richford FCA FCT, Group Treasurer, Renewi, The Treasurer, August 2018, p17.
