Delisting offer rights: acquirer may pursue delisting with an open offer, subject to disclosure and shareholder thresholds. When an acquirer makes a public open offer to acquire shares, voting rights or control, the acquirer may seek delisting by declaring intent upfront and making a delisting offer; the open offer price and an indicative delisting price (with premium and rationale, not less than book value) must be disclosed, and shareholders will receive either the indicative price if the delisting threshold is met or the open offer price if it is not.