(1) For the purposes of this Chapter an offer to acquire shares in a company is a “takeover offer” if the following two conditions are satisfied in relation to the offer.
(2) The first condition is that it is an offer to acquire—
(a) all the shares in a company, or
(b) where there is more than one class of shares in a company, all the shares of one or more classes,
other than shares that at the date of the offer are already held by the offeror. Section 975 contains provision supplementing this subsection.
(3) The second condition is that
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