How long will it take to complete the takeover?

• The duration of a takeover will depend on the mode and complexity of the takeover.
  • On-market takeovers are generally uncertain because they depend on the consent or dissent of the security holders. On-market takeovers usually take between 2 months and 12 months.
  • Off-market takeovers are also subject to a degree of uncertainty. In the absence of dissent an off-market takeover can be completed within a year.
  • Schemes of arrangement often occur faster as they are court approved and friendly. A scheme of arrangement can be implemented within 4 to 5 months depending on its complexity.
• These estimates are guides only. The duration of a takeover from start to finish can vary. Often the preparations for a takeover can start months or years before a process is initiated.