AUSTRALIA CONTENTS
6.6 Requirement to Obtain Financing p.101 6.7 Types of Deal Security Measures p.101 6.8 Additional Governance Rights p.102 6.9 Voting by Proxy p.103 6.10 Squeeze-Out Mechanisms p.103 6.11 Irrevocable Commitments p.103 7. Disclosure p.103 7.1 Making a Bid Public p.103 7.2 Type of Disclosure Required p.104 7.3 Producing Financial Statements p.104 7.4 Transaction Documents p.104 8. Duties of Directors p.105 8.1 Principal Directors’ Duties p.105 8.2 Special or Ad Hoc Committees p.105 8.3 Business Judgement Rule p.106 8.4 Independent Outside Advice p.106 8.5 Conflicts of Interest p.106 9. Defensive Measures p.107 9.1 Hostile Tender Offers p.107 9.2 Directors’ Use of Defensive Measures p.108 9.3 Common Defensive Measures p.108 9.4 Directors’ Duties p.109 9.5 Directors’ Ability to “Just Say No” p.109 10. Litigation p.110 10.1 Frequency of Litigation p.110 10.2 Stage of Deal p.110 10.3 “Broken-Deal” Disputes p.110 11. Activism p.111 11.1 Shareholder Activism p.111 11.2 Aims of Activists p.112 11.3 Interference With Completion p.112
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