(1) There are 2 kinds of takeover bid:
(2) The following table shows where to find the provisions dealing with the main features of the offers that may be made under off-market bids and market bids and the procedures to be followed:
Takeover bids | [signpost table] | ||
---|---|---|---|
Feature | Off-market bid | Market bid | |
1 | people to whom offers made | 617(1)-(2) | 617(3) |
2 | securities covered | 618(1)-(2) | 618(3) |
3 | consideration offered for the securities | 621(1), (3)-(5) and 651A | 621(2), (3)-(5) |
4 | escalation agreements and collateral benefits not allowed | 622 and 623 | 622 and 623 |
5 | offer period | 624(1)-(2) and 650C | 624(1)-(2) and 649C |
6 | conditional offers | 625(2)-(3) and 626-630 | 625(1) |
7 | procedure to be followed in making bid | 632 and 633 | 634 and 635 |
8 | acceptances | 650E and 653A-653B | - |