Commentary

188.2 Restrictions on acquisition of shares

COMPANIES vol 11 acquisitions, mergers, demergers
| Commentary

188.2 Restrictions on acquisition of shares

| Commentary

188.2 Restrictions on acquisition of shares

Some of the restrictions which applied before the announcement was made will continue to apply. For instance, the number of shares which the offeror is able to buy in the target company and the speed with which it may buy them will continue to be governed by Rule 5 of the City Code on Takeovers and Mergers. At this stage, the offeror may be able to take advantage of further exceptions to this Rule. For example, where the offeror is on the point of announcing a firm intention to make an offer (whether or

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