ADVOKS GLOBAL · KENYA
The Capital Markets (Take-Overs and Mergers) Regulations
13. Competing take-over offer
Edition: 2022-12-31 · In force
13. Competing take-over offer
(1)Where a decision has been reached to make a competing take-over offer, all provisions in these Regulations relating to the take-over procedures shall apply mutatis mutandis except the notice period to the competing offer.(2)The competing offeror shall serve a competing take-over offer document required under regulation 7(4) at least ten days prior to the closure of the offer period and this period shall also apply to revisions that may be made to the competing offer.