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Takeovers Panel Declines Yowie Group’s Application Against Keybridge Capital

Story Highlights
  • The Takeovers Panel declined to declare unacceptable circumstances in Yowie’s case.
  • Yowie’s claim against Keybridge’s board change actions was not upheld by the Panel.
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Takeovers Panel Declines Yowie Group’s Application Against Keybridge Capital

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An update from Yowie Group ( (AU:YOW) ) is now available.

The Takeovers Panel has declined to declare unacceptable circumstances in response to Yowie Group Ltd’s application concerning Keybridge Capital Limited’s actions. Yowie alleged that Keybridge’s notice to convene a meeting to change Yowie’s board composition was a frustrating action against its takeover bid. However, the Panel found Yowie was aware of such potential actions by Keybridge and deemed them not against public interest, deciding not to make a declaration.

More about Yowie Group

YTD Price Performance: -44.00%

Technical Sentiment Signal: Sell

Current Market Cap: A$3.21M

See more insights into YOW stock on TipRanks’ Stock Analysis page.

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