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V-1.1 - Securities Act
Section 138
Disposition versions
138. (Replaced).
138. Where the offeror, in accordance with section 130, notifies the holders of a variation in the terms of the take-over bid or of a change in the facts, the board of directors of the offeree company shall send an update on the original circular within the time fixed by regulation.
138. Where the offeror, in accordance with section 130, notifies the holders of a variation in the terms of the take-over bid or of a change in the facts, the board of directors of the offeree company shall send an update on the original circular within five days after the notice.
138. Where the offeror, in accordance with section 130, notifies the holders of a variation in the terms of the take-over bid or of a change in the facts, the board of directors of the offeree company shall send a new circular within five days after the notice.
138. Where a take-over bid is made for all of a class or series of securities, the offeror shall not, for ten days from the effective date of the bid, take up and pay for the securities tendered.
At the expiration of thirty-five days from the effective date of the bid, the offeror shall take up and pay for the securities tendered, if the conditions of the bid have been fulfilled. If they have not, he may nevertheless take up and pay for the securities tendered.
