10 Nov 2006
RE TOWER LIMITED HC WN CIV-2006-485-1807
- Citation
- openlaw-c046246a_01d4_4e44_952b_1612b10643ca.pdf
- Court
- High Court
The Court sanctioned the arrangement because statutory requirements were met, adequate notice was given, required majorities were obtained with no opposition, shareholders were fairly represented and not disadvantaged, and an independent expert supported the fairness — therefore the scheme is one an intelligent and honest business person would reasonably approve.