Appointment of merchant banker required before public announcement; manager must not be an associate and must make the offer. Acquirers must appoint a registered merchant banker who is not an associate as manager to an open offer before any public announcement, and the public announcement must be made by the acquirer through that appointed manager, with the term 'associate' having the meaning given in the merchant banker regulations.
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Appointment of merchant banker required before public announcement; manager must not be an associate and must make the offer.
Acquirers must appoint a registered merchant banker who is not an associate as manager to an open offer before any public announcement, and the public announcement must be made by the acquirer through that appointed manager, with the term "associate" having the meaning given in the merchant banker regulations.
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