Target's Statement Sample Clauses

Target's Statement. (a) The Target will prepare and dispatch the Target's Statement in accordance with this clause 3.2. (b) The Target will ensure that the Target's Statement (including any documentation dispatched together with the Target's Statement) complies with all applicable legal requirements. (c) The Target will, to the extent practicable, give the Bidder a reasonable opportunity to review an advanced draft of the Target's Statement at least 5 Business Days before the Target is required to lodge the Target's Statement with ASIC and will consult in good faith with the Bidder in relation to any comments the Bidder may have.

Target's Statement. (a) Target will ensure that the Target’s Statement (including any documentation attached to the Target’s Statement) complies with all applicable legal requirements. (b) Target must within a reasonable time (and in any event no later than 10 Business Days) prior to lodgement of the Target's Statement with ASIC, provide an advanced and reasonably complete draft of the Target's Statement to Bidder and its Representatives for review and consider in good faith the comments of Bidder and its Representatives when finalising the Target's Statement. (c) Bidder and Target acknowledge that Target will make all necessary disclosures in the Target's Statement to comply the Corporations Act, Takeovers Panel decisions and guidance notes and ASIC regulatory guides. (d) Target shall not lodge the Target’s Statement with ASIC or despatch the Target’s Statement to Target Shareholders unless a final copy of the Target’s Statement has been provided to Bidder and the Bidder has provided its written consent to lodgement with ASIC and despatch to Target Shareholders.

Target's Statement. The target must use its reasonable endeavours to despatch the target's statement to the target shareholders at the same time as the bidder’s statement or as soon as practicable thereafter.

Target's Statement. ‌ (a) The Target must dispatch the Target’s Statement to Target Shareholders no later than 15 days after the Target receives a notice that all Offers have been sent as required by item 7 of section 633(1) of the Corporations Act. (b) The Target must: (i) prepare the Target’s Statement in compliance with the Corporations Act and Regulatory Guidance; (ii) at least a reasonable time (and in any event no later than four Business Days) prior to lodgement of the Target’s Statement with ASIC, provide an advanced and reasonably complete draft of the Target’s Statement to the Bidder and its Representatives for review; and (iii) consider in good faith the comments of the Bidder and its Representatives when finalising the Target’s Statement. (c) The Bidder and the Target acknowledge that the Target will make disclosures in the Target’s Statement to comply with the Corporations Act and Regulatory Guidance. (d) The Target must ensure that the Target’s Statement: (i) prominently displays the Recommendation of the Target Directors (including on the cover of the Target’s Statement); and (ii) includes a statement that each Target Director will accept the Offer in respect of all Target Shares held or controlled by them no later than five Business Days before the end of the Offer Period, in the absence of a Superior Proposal and subject to the Independent Expert giving, and not withdrawing, a Reasonable Opinion.

Target's Statement. (a) The Target must use its reasonable endeavours to despatch the Target's Statement to Target Shareholders as soon as practicable after the despatch of the Bidder’s Statement. (b) The Target must ensure that the Target’s Statement: (i) prominently displays the recommendation of the Target Directors referred to in clause 1.2(b)(i) and that the Target Directors consider the Bid to be superior to the WGX Bid; and (ii) includes a summary of the Pre-Bid Acceptance Agreement(s).