In February 2015, NZX/ASX listed Nuplex Industries announced that it had entered into an agreement to be taken over by Allnex Belgium by way of a scheme of arrangement. Nuplex shareholders approved the scheme on 7 July 2016. The last remaining condition to the scheme proceeding is European anti-trust approval. This is expected to be obtained in early August 2016, which would allow the scheme to be implemented and the takeover completed in mid to late August 2016.
The Nuplex/Allnex scheme is likely to be a watershed moment for public takeovers in New...
