Reverse takeover: Difference between revisions
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<span style="color:#4B0082">'''''Reverse complexity'''''</span> | :<span style="color:#4B0082">'''''Reverse complexity'''''</span> | ||
:"The reverse takeover created complexity from an M&A and listing perspective. | :"The reverse takeover created complexity from an M&A and listing perspective. | ||
Revision as of 21:47, 17 February 2019
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.
