Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 652

Offeror not entitled to bid for balance where takeover offer relates to proportion of offeree's shares
652. Where a takeover offer (in this section called the "relevant offer")
relating to a proportion of particular shares (in this section called the

"relevant shares") has been made to a person under a proportional takeover
scheme, an offer (other than an offer that the offeror is, by virtue of
section 649, deemed to have made) that:

   (a)  was or is made by the offeror before, at or after the time when the
        relevant offer was made;

   (b)  was or is made to that person or to any other person; and

   (c)  relates to shares that are or include some or all of such of the
        relevant shares as are not shares to which the relevant offer relates;
        shall be taken to have been, or to be, as the case may be, made
        otherwise than under the takeover scheme. 


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback