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Takeover bids and mandatory bids
The Securities Markets Act contains rules on takeover bids and mandatory bids. Equivalent treatment of holders of securities is the key element of the legislation.
The FSA's responsibilities include the monitoring of compliance with the rules on takeover bids and mandatory bids entailed in the Securities Markets Act. The offeror has to disclose an offer document on the bid. In reviewing the offer document for approval, the FSA gives special consideration to the terms and conditions of the bid, as well as to the equivalent treatment of holders of securities.
29 April 2010
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