Guide

Statutory mergers, schemes of arrangement and tender offers under Cayman Islands law – A comparison

The Cayman Islands law on statutory mergers, schemes of arrangement and tender offers (also known as voluntary general offers) involving Cayman Islands companies (the target) is contained in the Companies Act (as amended) (the Companies Act). The Companies Act provides a bidder with mechanisms (through a statutory merger, scheme of arrangement or tender offer (coupled with compulsory acquisition, also known as 'squeeze-out', provisions)) that enable it to acquire all of the shares in the target.