Carter Holt Holdings Ltd v Fletcher Holdings Ltd - [1980] 2 NZLR 80

Company law — Take-over — Offeror obtained 23.6% of the issued capital of a company through verbal offers and acceptances — Company first became aware of these purchases when it received a written take-over offer for all the shares in the company — Directors obtained ex parte an interim injunction restraining offeror from continuing with take-over bid — Whether injunction should be rescinded — Whether shares lawfully acquired — Companies Amendment Act 1963, s 4(1).