Defence Strategies of Listed Companies Under the Takeover Code
- 1 December 1986
- journal article
- research article
- Published by SAGE Publications in Australian Journal of Management
- Vol. 11 (2) , 153-172
- https://doi.org/10.1177/031289628601100203
Abstract
This paper reports the results of an investigation into takeover defence strategies used by Australian listed companies since the inception of the Takeover Code in 1981. The results are compared to Trotman's (1981) analysis of defence strategies used while the Companies Act, 1961 was in force. Conclusions are drawn about the effects the Takeover Code and its administration have had on tactics employed by directors to defend a takeover bid.Keywords
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