Special FX Plc was a gold mining company in Indonesia quoted on the AIM. A significant number of shares were held by an entity on behalf of the property duo, the Candy brothers, known for their aggressive tactics. They endeavored to take the Company private and become delisted on terms which disadvantaged the majority of other shareholders.
Berg was appointed by a group of investors in Special FX to resist the takeover on the grounds that they were not receiving fair treatment or best value for their shares.
Berg made representations to the Takeover Panel and after a lengthy battle, Berg secured improved protections for the minority shareholders in Special FX and prevented the Company from becoming delisted and taken private.