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Article 16 - The right of sell-out

Comparing 20/05/2004 → 20/04/2009: 0 added, 0 removed, 3 changed Close comparison

1. 1. Member States shall ensure that, following a bid made to all the holders of the offeree company’s securities for all of their securities, paragraphs 2 and 3 apply.

2. 2. Member States shall ensure that a holder of remaining securities is able to require the offeror to buy his/her securities from him/her at a fair price under the same circumstances as provided for in Article 15(2).

3. 3. Article 15(3) to (5) shall apply mutatis mutandis.mutandis .

Official text · consolidated version 20/04/2009 (no longer in force) Open full page ↗
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