Associate Relationship MYOB Limited
Added on 2020-05-11
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MERGERS AND TAKEOVERSCourseNameInstitution Affiliation
MERGERS AND TAKEOVERSQuestion 11.AssociateAn associate is regarded as an individual or corporate who owns a percentage of the total votes in the body corporate. They therefore include subsidiaries of the same company or associations through relevant agreements such as controlling the composition of the body of the board.2.Associate Relationshipa)MYOB LimitedMYOB limited was listed in the Australian Stock Exchange. Archer capital announced a takeover bid for MYOB in order to increase its portion of shareholding and also have some level of control of the composition of the board. This relationship might be an association but it aimed to reduce the possibility of a takeover. MYOB was then involved in a share buy back in order to rectify the situation.b)Yancoal Australia LimitedYancoal Australia Limited is a company that operates in the coal industry that operates in various sites in Australia. In 2008, the company applied to merge with Gloucester Coal Limited. The takeover was however subject to arious legal conditions under the section 25 (A) of the Foreign Acquisitions and Takeovers Act (1975). Yancoal had needed a large funds injection in 2013 and their request for a merger was accepted and Yanzhou subscribed for shares which
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