CmaBylaw
Executive Bylaws
3-9-3 Of Module Nine: Mergers and Acquisitions
Section: Chapter Three: Acquisitions
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Thursday, 09 February 2017
An Offeror of a Competitive Acquisition may submit its Offer after an Original Offer Document has been published and five Business Days before the end of Collection Period of the Original Acquisition Offer; proceedings of the Original Acquisition Offer shall be suspended for ten Business Days following Competitive Acquisition Offer submission during which the Authority shall issue a resolution on the Competitive Acquisition Offer and in the event that the Authority approves the Competitive Acquisition Offer Document proceedings of the Original Acquisition Offer shall continue to be suspended until the ordinary general assembly of the Offeree Company issues its resolution choosing between the offers, taking in consideration the periods set out in Article (3-9-10) of this Module. In this case, the Original Acquisition Manager shall release Shares collected before the suspension of the proceedings of the Acquisition Offer. In the event that the Authority disapproves a Competitive Acquisition Offer Document, proceedings of the Original Acquisition Offer shall resume after excluding the suspension period.
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