Leader: Mr Bruce Dyer / Mr Michael Hoyle
Offered
City Trimester 3 2007 (On-campus)
Synopsis
* The desirability of takeovers and the need for regulation.
- The general scheme of regulation in Australia.
- The principal means of effecting takeovers
- Defensive strategies and tactics.
- Compulsory acquisition.
- The regulatory structure, including the respective roles and powers of the Australian Securities and Investments Commission, the Takeovers Panel, the Australian Competition and Consumer Commission and the Australian Stock Exchange Ltd; and 7) the means by which regulatory decisions may be challenged.
Objectives
Students who successfully complete this unit should:
- Be able to analyse the circumstances of a potential
offer for a proposed target company and provide
advice as to (a) the principal means by which a
takeover may be effected (and the advantages and
limitations of each alternative), (b) how to prepare for
and conduct the takeover, and (c) the defensive
strategies and tactics available to the target company
to oppose the takeover
- Be familiar with the structure of regulation of takeovers
in Australia including the respective roles and principal
powers of the Australian Securities and Investments
Commission, the Australian Stock Exchange Ltd, the
Takeovers Panel and the Australian Competition and
Consumer Commission, and the extent to which the
decisions of these bodies are subject to appeal or
review
- Be able to analyse and examine critically arguments
concerning the desirability and effects of takeovers
and the regulation of takeovers
- Find that both their research skills, and their ability to
construe and apply a complex statutory scheme, are
enhanced
Assessment
Research paper (3,750 words): 50%
Take home examination (3,750 words): 50%
Contact hours
Semi-intensive
Prerequisites
LAW4171 Corporations Law or LAW7277 Advanced Corporations Law or equivalent
