| Commentary

204.3 Videos

| Commentary

204.3 Videos

A video published by or on behalf of an offeror or the target company, which includes any information or opinions relating to an offer or to the financial performance of a party to an offer, must comprise only a director or senior executive reading from a script or participating in a scripted interview. Any such video may be published only with the prior consent of the Panel on Takeovers and Mergers1.

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