649B
In forceMarket bids—raising bid price
Volume 3Chapter 5A, Part 5A.1 to Chapter 6D, Part 6D.5 sections 601 to 742
Chapter 6Takeovers
Part 6.6Variation of offers
Division 1Market bids
649B Market bids—raising bid price
The bidder may vary the offers under a market bid to increase the price offered to acquire securities under the market bid. They may not do so, however, during the last 5 trading days of the relevant financial market in the offer period.
This Act’s bill:Explanatory memorandumSecond reading speech
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