Opinion

AusNet battle could see Takeovers Panel rewrite rules

The rules on if and when target companies are required to provide rival bidders equal access to information could be ripe for change.

Jason van Grieken

Oct 10, 2021 – 2.51pm

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The $17 billion battle for AusNet Services between rival bidders APA Group and Brookfield is shaping up to be a significant test case for the Takeovers Panel, the likes of which has not been seen for more than a decade.

AusNet is sailing close to the wind by granting Brookfield exclusivity without a “fiduciary out” in sight.

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