BackgroundA key feature of the Code is that a takeover offer must be made on the same terms and provide the same consideration for all securities belo...Read More
The Takeovers Code has no prescriptive rules about the form of consideration that can be offered in a takeover. Consideration can include scrip (e.g.,...Read More
The Panel is concerned that market participants may be encountering difficulty with the application of rule 9 of the Code.
A partial offer under the...