alleryStart learning →An open offer under Regulations 3 and 4 must be for at least what share of total shares?
A20 per cent
B25 per cent
C26 per cent
D51 per cent
Answer & Solution
Correct answer: C. 26 per cent
Regulation 7(1) sets the minimum offer size at twenty-six per cent of the total shares of the target company.
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