987 Joint offers
Companies Act 2006 (2006 c 46) | Legislation

987  Joint offers

(1)     In the case of a takeover offer made by two or more persons jointly, this Chapter has effect as follows.

(2)     The conditions for the exercise of the rights conferred by section 979 are satisfied—

(a)     in the case of acquisitions by virtue of acceptances of the offer, by the joint offerors acquiring or unconditionally contracting to acquire the necessary shares jointly;

(b)     in other cases, by the joint offerors acquiring or unconditionally contracting to acquire the necessary shares either jointly or separately.

(3)     The conditions for the exercise of the rights conferred by section 983 are satisfied—

(a)

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