by VDT Attorneys | Oct 3, 2024 | Mergers & Acquisitions
Share buyback transactionsOne notable amendment relates to Section 48, which governs share buyback transactions. Before the amendment, a special resolution by the shareholders was required to authorise a share buyback transaction. Thanks to the new amendments, no...
by VDT Attorneys | Oct 3, 2024 | Competition Commission, Indivisible Transactions, M&A, Mergers & Acquisitions
Notification requirements In terms of the Act, the normal requirements for the notification of a merger transaction to the Commission are that the transaction must constitute a merger as defined in the Act and that the transaction must meet the prescribed monetary...
by VDT Attorneys | May 8, 2024 | Doing Business in South Africa, M&A, Merger, Mergers & Acquisitions
The excitement sparked by QBS Technology Group’s acquisition of Maxtec Peripherals has been the topic of considerable media attention and discussion throughout the cybersecurity distribution industry. This strategic move aligns with QBS Technology Group’s...
by VDT Attorneys | Apr 15, 2024 | Asset purchase, B-BBEE Commission, Competition Commission, Doing Business in South Africa, M&A, Mergers & Acquisitions, Takeover Regulation
Before unpacking the various methods in which an M&A can be effected, it is worthwhile to revisit the concept of what is an M&A. Typically a merger or acquisition takes place where one or more companies merge or are acquired to form a single entity or...
by VDT Attorneys | Apr 15, 2024 | B-BBEE Act, Competition Commission, M&A, Mergers & Acquisitions
The Competition Commission is the guardian of fair competition in South Africa, with its primary objective the prevention of anti-competitive behaviour to ensure markets remain open, competitive, and conducive to consumer welfare. When assessing M&A, the...
by VDT Attorneys | Apr 15, 2024 | Competition Act, Competition Commission, Control, Doing Business in South Africa, Listed company, M&A, Mergers & Acquisitions, Private company M&A
OwnershipPrivate companies are generally owned by the persons and entities who establish them along with those invited to join. This usually results in ownership being concentrated among a handful of shareholders known to each other as the shareholding in the company...
