Home > Term: public offer
public offer
Under the Swiss Stock Exchange Act, buyers acquiring more than one-third of the voting rights of a listed company via a takeover are required to offer to buy the shares of all other shareholders at the same price. Companies can make a provision in their articles of association opting out of this requirement or increasing the threshold to 49% (opting up).
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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