$2.5M break fee in Pacific Energy takeover battle not anti-competitive, panel says

Clayton Utz 2019-11-14 4:33 pm By Cat Fredenburgh | Melbourne

Please login to bookmark

The Takeovers Panel has found that while a $2.5 million break fee included in a $470 million takeover offer lobbed during a bidding war for Western Australia power supplier Pacific Energy was not a “common market approach”, it was not anti-competitive or coercive.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

For information on rights and reprints, contact subscriptions@lawyerly.com.au