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Cornell Calitz-Havemann on Muck Rack

Cornell Calitz-Havemann

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Should a bidder have a termination right to deal with superior proposals?

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By Russell Philip, Cornell Calitz-Havemann
| Mondaq
In recommended Australian public takeovers and schemes of arrangement, it is customary for the target company to offer the bidder a degree of deal protection, such as entering into ''no shop'', 'no talk', 'no due diligence', 'notification' and/or 'matching rights' obligations.
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