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Takeovers Panel Rejects Keybridge Capital’s Claims Ahead of Board Vote
5:15pm on Monday 3rd of February, 2025 AEDT
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Financial Services
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Takeovers Panel Rejects Keybridge Capital’s Claims Ahead of Board Vote
5:15pm on Monday 3rd of February, 2025 AEDT
Key Points
Takeovers Panel declines to conduct proceedings on Keybridge Capital applications
Insufficient evidence of association among Keybridge, WAM, Ravell, and Glennon entities
No likely contravention of section 606 found regarding share acquisitions
Overlap with ongoing Supreme Court litigation influenced Panel’s decision
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