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GLOSSARY

Acceleration statement (Code definition) definition

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What does Acceleration statement (Code definition) mean?

An acceleration statement is a statement in which an offeror brings forward the latest date by which all of the conditions to the offer must be satisfied or waived.

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Takeovers—glossary of terms

Takeovers—glossary of terms References in this glossary to Rules and Notes are to the rules of, and notes to, The City Code on Takeovers and Mergers (Code) and references to the CA 2006 are to the Companies Act 2006. Glossary terms which are defined in the Definitions section at the beginning of the Code are marked '(Code definition)'. A A Definition Acceleration statement (Code definition) An acceleration statement is a statement in which an offeror brings forward the latest date by which all of the conditions to the offer must be satisfied or waived. See Practice Note: Offer tactics—revisions, extensions, acceleration statements and alternative offers—Acceleration statements and acceptance conditional invocation notices. Acceptance condition A condition to an offer as to the minimum level of acceptances of an offer below which the offeror may decline to proceed with the offer. Rule 10.1 requires any offer for voting equity share capital or for other transferable securities carrying voting rights to include an ...

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