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Re Deans - [1986] 2 NZLR 271

$30.00

High Court Wellington
24 February; 6 March 1986
Hardie Boys J
Company law — Takeovers — Compulsory acquisition of shares held by dissenting minority by offeror who has acquired more than 90% of shares in company — Application by dissenting minority shareholder for order that his shares not be acquired compulsorily — Whether onus is on dissenting minority shareholder to prove that offer was unfair — Whether test of fairness should be whether the offer was fair to the shareholders as a whole rather than fair to the particular individual who dissents — Observations on the procedure for adducing evidence in such applications — Companies Act 1955, s 208(1).

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