26 Sept 2017
Re Smiths City Group Ltd [2017] NZHC 2351
- Citation
- [2017] NZHC 2351
- Court
- High Court
The Court granted initial without-notice directions because Smiths City met r7.46(3) criteria, had complied with statutory notification to the Takeovers Panel (which indicated an initial no-objection view), and the proposed interim process and disclosure measures were sufficient to ensure shareholders would be treated uniformly and could make an informed decision at the meeting; final sanction remains subject to the statutory four-step fairness test at the substantive application stage.