Chapter 5: Fundamental Transactions and Takeover Regulations
Part B: General rules respecting negotiations and offers
R96: Conditional offersAn offer must not be subject to any condition:
- (a) that depends solely on subjective judgment by the directors, or equivalent, of the offeror; or
- (b) if the directors, or equivalent, of the offeror are able to control whether or not the condition will be fulfilled.
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