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URL: http://www.bailii.org/je/cases/JLR/2014/JLR142011.html
Cite as: [2014] 2 JLR 11

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In re Samvardhana v 2014 (2) JLR 11 (04 June 2014)

Companies-takeovers-takeover offers-fair and reasonable-fairness of offer depends on circumstances of individual case-offer of twice net asset value of company (pro rata to shareholdings) "fair and reasonable," as required by Companies (Jersey) Law 1991, art. 121(5)(c), if accepted by large number of shareholders and company's independent directors-offer unfair if obviously and patently unfair, not merely imperfect

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