50% Ownership and 5 Percentage Point Increase Mandatory Bid definition

50% Ownership and 5 Percentage Point Increase Mandatory Bid means a transaction or series of transactions where within a 12 month period, an Offeror, its Associates, or any Person Acting Jointly or in Concert with the Offeror (the Purchasing Parties), directly or indirectly, acquire from one or more Persons, including the Offeree Issuer, Equity Securities of an Offeree Issuer and immediately after the acquisition, the direct or indirect Beneficial Ownership of the voting power or value of the outstanding Equity Securities of the Offeree Issuer held by the Purchasing Parties increases from:

Examples of 50% Ownership and 5 Percentage Point Increase Mandatory Bid in a sentence

  • The Majority of the Minority Tendering Condition, as well as the other Insider provisions, applies to all forms of Mandatory Bid: (a) a 30% Threshold Mandatory Bid, (b) a 30% Ownership and 2 Percentage Point Increase Mandatory Bid, and (c) a 50% Ownership and 5 Percentage Point Increase Mandatory Bid.

  • This empirical finding supports this 50% Ownership and 5 Percentage Point Increase Mandatory Bid, because the requirement limits the ability of a Controlling shareholder to significantly increase its share ownership, thereby locking Non-Affiliated Shareholders into a less marketable position.

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