TMI BlogCompeting offersX X X X Extracts X X X X X X X X Extracts X X X X ..... itled to make a public announcement of an open offer within fifteen working days of the date of the detailed public statement made by the acquirer who has made the first public announcement. (2) The open offer made under sub-regulation (1) shall be for such number of shares which, when taken together with shares held by such acquirer along with persons acting in concert with him, shall be at le ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shares, or enter into any transaction that would attract the obligation to make a public announcement of an open offer for acquiring shares under these regulations, after the period of fifteen working days referred to in sub-regulation (1) and until the expiry of the offer period for such open offer. (6) Unless the open offer first made is an open offer conditional as to the minimum level of ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng offers shall be carried out with identical timelines and the last date for tendering shares in acceptance of the every competing offer shall stand revised to the last date for tendering shares in acceptance of the competing offer last made. (9) Upon the public announcement of a competing offer, an acquirer who had made a preceding competing offer shall be entitled to revise the terms of his ..... X X X X Extracts X X X X X X X X Extracts X X X X
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