Reverse takeover

From ACT Wiki
Revision as of 09:12, 4 August 2018 by imported>Doug Williamson (Add example.)
Jump to navigationJump to search

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.


See also