CmaBylaw
Executive Bylaws
3-5-2 Of Module Nine: Mergers and Acquisitions
Section: Chapter Three: Acquisitions
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Thursday, 09 February 2017
A Mandatory Acquisition Offer shall be a cash offer equivalent to the highest price of the following: 1. The weighted average of the daily price in the Exchange of the Offeree company through the six months preceding the date of disclosing the Mandatory Acquisition Offer; and this price shall be calculated by the Exchange; or 2. The highest price paid by the Offeror, any Person whether Subsidiary or person with whom they are Acting in Concert with it during the six months preceding the date of disclosing the Mandatory Acquisition Offer.
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