Corporations Act 2001

CHAPTER 6 - TAKEOVERS  

Note: This Chapter only applies to acquisitions of interests in a CCIV if the CCIV is a listed company: see Division 1 of Part 8B.7 .

PART 6.6 - VARIATION OF OFFERS  

Division 2 - Off-market bids (express variation by bidder)  

SECTION 650A   GENERAL  

650A(1)    
A bidder may only vary the offers under an off-market bid in accordance with section 650B , 650C or 650D .

Note: ASIC may allow other variations under section 655A .


650A(2)    
If the bidder varies the offer under an off-market bid in accordance with section 650B , 650C or 650D , the bidder must vary all unaccepted offers under the bid in the same way.

Note: Subsections 650B(2) and (3) deal with the effect of a variation on takeover contracts that have already resulted from acceptances of offers under the bid when the variation is made.



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