Discovered price determination: reverse book building sets the price; acquirer may propose or pay above it. Determination of the discovered price follows fixation of the floor price and is conducted through the reverse book building process under Schedule II, ... Summary
Discovered price determination: reverse book building sets the price; acquirer may propose or pay above it.
Determination of the discovered price follows fixation of the floor price and is conducted through the reverse book building process under Schedule II, with the discovered price disclosed in the detailed public announcement and the letter of offer by the Manager. The acquirer may provide and revise an indicative price above the floor price before bidding and may elect to pay a price higher than the discovered price.
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