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MAS revises takeover rules for dual-class shares
Independent shareholders will not be required to make a general offer if their share of voting rights is pushed past regulatory thresholds under certain circumstances
Add BT as a preferred sourcePublished Thu, Jan 24, 2019 · 09:50 PM
Singapore
THE Monetary Authority of Singapore (MAS) has revised Singapore's Code on Take-overs and Mergers to clarify that independent shareholders of dual-class companies will not be required to make a general offer if their share of voting rights is pushed past regulatory thresholds under certain circumstances.
A general offer for a dual-class share company must also present the same offer price for multiple-voting shares as for ordinary-voting shares, according to the new rules.
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