CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 6 - TAKEOVERS
History
Chapter 6 substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).
PART 6.5 - THE TAKEOVER PROCEDURE
History
Part 6.5 substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).
Division 4 - Updating and correcting the bidder's statement and target's statement
SECTION 647
TO WHOM SUPPLEMENTARY STATEMENT MUST BE SENT
647(1)
(Target)
A supplementary bidder's statement must be sent to the target as soon as practicable.
647(2)
[Bidder]
A supplementary target's statement must be sent to the bidder as soon as practicable.
647(3)
[Other bodies]
Either kind of supplementary statement must as soon as practicable be:
(a)
lodged with ASIC; and
(b)
if the bid class securities are quoted and the target is listed - sent to each relevant securities exchange that has a stock market on which the target's securities are quoted; and
(c)
if the bid is an off-market bid and the bid class securities are not quoted - sent to all holders of bid class securities who have not accepted an offer under the bid.
Note:
Sections
648B and
648C provide for the manner in which documents may be sent to holders.
History
S 647 substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).
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