Takeover Bid or ‘Bid’ means a public offer, other than by the Offeree Company itself, made to the holders of the Securities of a Company to acquire all or some of those Securities, whether mandatory or voluntary, which follows or has, as its objective, the acquisition or Control of the Offeree Company.
Takeover Bid means a "take-over bid" as defined in the ASA pursuant to which the "offeror" would as a result of such takeover bid, if successful, beneficially own, directly or indirectly, in excess of 50% of the Outstanding Securities;
Takeover Bid means a "take-over bid" as defined in MI 62-104 or tender offer, pursuant to which the "offeror" would as a result of such takeover bid or tender offer, if successful, beneficially own, directly or indirectly, in excess of 50% of the outstanding Shares (other than pursuant to an internal reorganization or in circumstances where the business of the Corporation is continued and where the shareholdings or other security holdings, as the case may be, in the offeror and the constitution of the board of directors or similar body of the offeror is such that the take-over bid or tender offer would not be considered a "Change of Control" if paragraph 23(f)(ii) above was applicable to the transaction);
Examples of Takeover Bid in a sentence
In that case, the provisions need to be reinserted in the Proposed New Constitution for them to again have effect.The provisions in clause 48 effectively provide that a Proportional Takeover Bid cannot be given effect to without first obtaining the approval of the Company’s Shareholders.
Proportional takeovers (New Clause 48)Clause 48 of the Proposed New Constitution is a new provision that provides that, in the event there is a Proportional Takeover Bid, the registration of a transfer giving effect to a takeover contract for the bid is prohibited, unless a resolution is passed to approve the transfer.
More Definitions of Takeover Bid
Takeover Bid means a "take-over bid" as defined in the Securities Act (Alberta), as amended from time to time, pursuant to which the "offeror" would as a result of such take-over bid, if successful, beneficially own, directly or indirectly, in excess of 50% of the outstanding Units;
Takeover Bid means an Off-Market Bid or Market Bid.
Takeover Bid means an Offer to Acquire Voting Shares, where the Voting Shares subject to the Offer to Acquire together with the Offeror's Securities, constitute in the aggregate twenty percent (20%) or more of the outstanding Voting Shares at the date of the Offer to Acquire.
Takeover Bid means the acquisition of, or offer to acquire, pursuant to a tender offer or request or invitation for tenders, any equity security of a North Dakota domestic insurance company, if after acquisition thereof the offeror would, directly or indirectly, be a record or beneficial owner of more than five percent of any class of the issued and outstanding equity securities of such corporation. A takeover bid does not include:
Takeover Bid means a Takeover Bid as defined in the Corporations Act and includes an offer of the type to which section 414 of the Corporations Act applies or the equivalent foreign action under the relevant foreign jurisdiction’s legislation.
Takeover Bid means a take-over bid as defined in Multilateral Instrument 62-104 (Take-over Bids and Issuer Bids) or the analogous provisions of any other securities legislation applicable to the Outstanding Shares;
Takeover Bid means a takeover bid of office within the meaning of those terms under the Corporations Act.