Proposed changes to Takeover Code welcome
They would go towards ensuring the best possible price for buyers and sellers
IN many takeovers that involve privatisations, minority rights are usually trampled on by the actions and intent of the majority. This is sometimes unavoidable since those who own most of the shares also control the fate of the company and therefore have to have a larger say.
Also, arriving at an outcome that satisfies everyone is sometimes not possible - buyers who might include the majority shareholders want to pay…
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