AN APPRAISAL OF THE PROCEDURES FOR THE REGULATION OF MERGER TRANSACTIONS UNDER THE INVESTMENTS AND SECURITIES ACT (ISA) 2007

📄 Project Abstract

Merger transactions came into the front burner in Nigerian economy during the banking consolidation of 2005. The Insurance Industry was thereafter consolidated. The existing procedure for the approval of merger was reviewed and revised. These interests in merger culminated in the documentation of the procedures for the approval of merger as provided in the Investments and Securities Act, 2007. This thesis reviewed the provisions of merger in the law. The problem it set out to review is the adequacy or otherwise of the procedures contained in the Investments and Securities Act 2007 relied upon in order to obtain approval for merger transactions. The methodology used is the combination of doctrinal and teleological methodology. Doctrinal in the sense that the researcher made use of primary sources such as the Investments and Securities Act No. 29 of 2007, the Companies and Allied matters Act Cap C24 2004,SEC Rules and Regulations, Judicial authorities and secondary sources such as volume...