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 Lowlife statists in OZschwitz plan to limit access to share registers will thwart raiders

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RR Phantom

RR Phantom

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Lowlife statists in OZschwitz plan to limit access to share registers will thwart raiders Vide
PostSubject: Lowlife statists in OZschwitz plan to limit access to share registers will thwart raiders   Lowlife statists in OZschwitz plan to limit access to share registers will thwart raiders Icon_minitimeThu Feb 04, 2010 1:59 am
The federal government intends to throw a roadblock in front of sharemarket raiders such as David Tweed, announcing proposals yesterday to limit public access to share registers.

The measures would require people or companies seeking access to a company's register first to pass a ''proper purpose'' test.

The test, which the government says would not stand in the way of rival companies testing the waters for a takeover offer, would prevent the practice, most commonly associated with Mr Tweed, of making offers to shareholders to buy their shares for below their market value.

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