16 Mar 2017
RADIUS PROPERTIES LIMITED [2017] NZHC 473
- Citation
- [2017] NZCCLR10
- Court
- High Court
The Court approved the s 236 scheme because statutory procedures and s 236A voting thresholds were satisfied, shareholders were properly informed and meetings fairly conducted, an independent valuation supported the 56 cent per share consideration as fair value (mid‑point of 51–61 cents), dissentients' interests were considered and the arrangement was fair and equitable in all the circumstances.