1. The upshot of all this is that takeovers involve a significant degree of risk for offerors.

2. Where an acceptance is sent by the offeree the contract is concluded when the acceptance reaches the offeror.

3. An acceptance of an offer becomes effective at the moment the indication of assent reaches the offeror

4. (4) The Offeror is not exempt from paying the PST under the above Exemption Licence Numbers or Exemption Certification.

5. 13 Target shareholders can sometimes be circumspect about accepting ordinary shares in the offeror, particularly if the takeover has been fiercely contested.

6. However(sentence dictionary), the Panel will not allow an offeror to rely on a pre-condition indefinitely as this creates uncertainty in the market.

7. As prescribed in 215.408 (4), use the following provision: PROPOSAL Adequacy CHECKLIST (JAN 2014) The offeror shall complete the following checklist, providing location of requested information, or an explanation of …

8. Where the issuer, the offeror or the person asking for admission to trading on a regulated market is subject to the obligation to draw up a prospectus, an advertisement shall clearly identify that prospectus by:

9. 3. Within one week of the end of the stabilisation period, the following information must be adequately disclosed to the public by issuers, offerors, or entities undertaking the stabilisation acting, or not, on behalf of such persons: