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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 635
Full takeover schemes and proportional takeover schemes
635. One of the following paragraphs must apply in relation to the offers:
(a) each offer relates to all the shares in the relevant class that the
offeree holds;
(b) each offer relates to a proportion of the shares in the relevant class
that the offeree holds, being a proportion that is the same in respect
of each offer.
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