40th IBA International Financial Law Conference
7 May - 9 May 2025
Session information
Committee(s)
Banking & Financial Law Committee
(Lead)
Securities and Capital Markets Committee
(Lead)
Description
The panel will deal with the various criteria to determine the price per share to be offered at a voluntary tender offer aimed at the delisting of a public company. The discussions will focus on the most critical aspects of the relevant procedures, including the requirements to challenge the price proposed by the offeror in each jurisdiction, the possibility of competing offers with different prices in cash or securities and related securities laws’ implications. The speakers will discuss corporate and regulatory issues and market trends from different jurisdictions’ perspectives and provide insights on how to handle complex legal questions when acting as counsel to the offeror and/or to the target’s board of directors and/or the minority shareholders.
Session / Workshop Chair(s)
| Federica Munno | Gatti Pavesi Bianchi Ludovici, Milan, Italy; Regional Representative Africa, Securities and Capital Markets Committee |
| Francisco Müssnich | BMA Advogados, Rio de Janeiro, Brazil; Vice Chair, Securities and Capital Markets Committee |
Speakers
| Alyssa K Caples | Cravath, Swaine & Moore LLP, London, England; Senior Vice Chair, Securities and Capital Markets Committee |
| Sophie Cornette de Saint Cyr | Bredin Prat, Paris, France; Regional Representative EMEA, Securities and Capital Markets Committee |
| Anne Lise Gryte | Advokatfirmaet Wiersholm AS, Oslo, Norway; Vice Chair, Equity Capital Markets Subcommittee |
| Patrick Schärli | Lenz & Staehelin, Zürich, Switzerland |