CmaBylaw
Executive Bylaws
3-3-10 Recommendation of the Board of Directors of an Offeree Company Of Module Nine: Mergers and Acquisitions
Section: Chapter Three: Acquisitions
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Thursday, 09 February 2017
The Board of Directors of an Offeree company shall, within seven Business Days from receipt of the Offer Document, submit a response to the Authority stating its opinion and recommendations to the shareholders, as well as the opinion of an Investment Advisor; and the recommendation to the shareholders related to the offer shall be published in accordance with the mechanism adopted under Article (3-3-9) of this Module.
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