Definitions
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Etymologies
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Examples
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Belize-based Palmary, which is backed by Ukrainian conglomerate Privat, is expected to lodge the bidder's statement for its board-recommended cash offer of A$4. 50 per share tomorrow.
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The CSM board had recommended the Palmary offer and is now assessing the new offer from Pallinghurst.
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The group also revised its top-up payment plan, which allows it to match any higher cash offer made by Palmary by Jan. 28, 2008.
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Palmary claims the top-up mechanism is designed to stifle the auction for CSM, and it has appealed to Australia's Takeovers Panel seeking a declaration of unacceptable circumstances on the basis that the top-up structure is "unfair and anticompetitive."
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The Takeovers Panel said Palmary is seeking to have any acceptances of Pallinghurst's top-up offer declared null and void, but that it hasn't yet decided whether it will conduct proceedings on the matter.
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A Palmary spokesman urged shareholders not to accept Pallinghurst's offer until Palmary had indicated its position.
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"Synodus Palmaris" (Palmary synod) either from the place where it was held (ad Palmata, Palma), or because it was the most important session (palmaris).
The Catholic Encyclopedia, Volume 14: Simony-Tournon 1840-1916 1913
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Later that year, Brian Gilbertson's Pallinghurst Resources offered $2.08 a share but the company was eventually taken over by Palmary for $5 a share in January 2008.
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The bill includes a base fee of $10. 3m which is 0.75 per cent of the value of the $1. 3bn paid by Palmary, incentive fees of $35m, an ongoing retainer and GST.
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Numerous skins we've developed for Palmary Clock allow you to adjust the ...
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