Protection of Businesses Act, 1978
R 385
Companies Act, 1973 (Act No. 61 of 1973)The Securities Regulation Code on Takeovers and MergersThe CodeSection M. Timing And RevisionRule 27. Posting the Offer Document and the Offeree Board Circular |
| 27.1) | The offer document |
The offer document shall be posted within 30 days of the announcement of a firm intention to make an offer. The Panel is to be consulted if the offer document is not to be posted within this period and may, in its discretion, require that interest for the period of delay be included in the offer.
| 27.2) | The offeree board circular |
The board of the offeree company shall advise its holders of relevant securities of its views on the offer within 14 days of publication of the offer document.
