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<h1>Draft letter of offer filing requirements broaden disclosure to extended multi year compliance and capital structure histories for acquirers.</h1> Merchant bankers must provide, in the draft letter of offer, the status of compliance with SAST Regulations and details of acquisitions by the acquirer/PAC and by promoters/promoter group, and changes in the target company's capital structure, covering the financial year of the public announcement and an extended multi year retrospective period; where a prior open offer exists in that period, disclosures commence from the expiry of that prior offer period.