16 Apr 2019
Re TRADE ME GROUP LIMITED [2019] NZHC 840
- Citation
- [2019] NZHC 840
- Court
- High Court
The Court approved the Scheme because Trade Me complied with statutory and court-ordered procedures, shareholders were fully informed and fairly represented, the requisite majorities approved the Scheme in good faith, independent advice supported the consideration as fair, the Takeovers Panel had no objection and outstanding conditionality did not amount to a supervening detriment.