Shearman & Sterling LLP
Issue link: https://digital.shearman.com/i/1494420
Timetable – Interlopers / Competitive Bids 61 Public to Private Transactions – What You Need To Know • Takeover offer: • Last date for a competing bidder to clarify its position is 53 days after posting of offer document (i.e. seventh day prior to Day 60) • Scheme of arrangement: • Last date for a competing bidder to clarify its position is normally 7 days before the shareholder meeting (but Panel may allow flexibility) • In the event of a competing bid, the timetable resets to run from the date on which the competitor's offer document is sent (Rule 31.3(a))