Montana inquiry next month

The Standing Committee appointed by the Market Surveillance Panel says a hearing into the dispute will be held over three days at the start of April.

Allied Domecq, Credit Suisse First Boston NZ Securities, Lion Nathan and Montana have all been named as interested parties to the inquiry.

The Committee will seek to decide whether Lion Nathan breached NZSE rules in transferring or agreeing to transfer shares in Montana before it was allowed to do so.

Allied Domecq, as a Montana shareholder, complained to Montana about Lion's raid on the winemaker's shares, prompting the investigation.

The Standing Committee to hear the inquiry is made of former judges Sir Duncan McMullin QC and Sir Ian Barker QC, and senior Queen's Counsel William Wilson.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Allied mops up Montana
Allied gets Montana green light
Lion Nathan sells to Allied
New Allied bid recommended
Lion Nathan seeks High Court review
Lion retreats from latest Montana bid
August hearing for Allied Domecq
Lion's Montana selldown found wanting
Montana shareholders told to hang fire
Panel stops Lion in its tracks