Examples of Competing Offer in a sentence
DPA shall keep the Offeror updated on the Alternative Proposal or Potential Competing Offer.
If the Offeror matches the Competing Offer, DPA shall not be entitled to accept such Competing Offer or to terminate the Merger Protocol.
This obliges the Offeror to complete the Offer at a lower acceptance level and thereby provides greater deal certainty in the interest of DPA.Competing Offer and termination feesDPA has agreed with the Offeror certain arrangements with respect to a Potential Competing Offer and termination of the Merger Protocol as extensively described in Sections 5.20 until and including 5.28 of the Offer Memorandum.
Lion also is to procure that each Directors votes all the Indophil shares which they hold (either directly or indirectly) in favour of that resolution.However, this obligation to recommend that Lion Shareholders vote in favour (and the obligation to vote their shares in favour) of that resolution ceases, if a Higher Competing Offer is announced before the date of the Lion Shareholder meeting and Xstrata does not announce an intention to at least match that Higher Competing Offer.
In such case, DPA shall notify the Offeror (within forty-eight hours) of the contents of such a Competing Offer (the Second Notice).The Offeror has the right to revise its Offer within five Business Days following the date on which the Offeror has received the Second Notice.