CmaBylaw
Executive Bylaws
3-7-4 Of Module Nine: Mergers and Acquisitions
Section: Chapter Three: Acquisitions
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Thursday, 09 February 2017
The Authority may issue its approval of an Offeror’s withdrawal of a Voluntary Acquisition Offer in the following cases: 1. Occurrence of an event of fundamental importance after the disclosure of the Initial Agreement. 2. Violation of any of the terms and conditions required to complete the transaction. 3. Failure to collect the intended percentage of Shares as stated in the Offer Document. 4. Any other case defined by the Authority.
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