High Court Wellington
30 May; 8, 12 June 1972
Quilliam J
30 May; 8, 12 June 1972
Quilliam J
Company law — Powers and liability of company — Company A taking over company B — Purchasing all shares in company B by issue of company A shares and cash — After takeover dividend declared by company B, and company A issuing dividend to pay cash to former company B shareholders — Not financial assistance given by company B for purchase of its own shares — Companies Act 1955, s 62.
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