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Home Capital Markets & Securities Takeover Bids Directive

Article 13

Other rules applicable to the conduct of bids

Member States shall also lay down rules which govern the conduct of bids, at least as regards the following:

(a)

the lapsing of bids;

(b)

the revision of bids;

(c)

competing bids;

(d)

the disclosure of the results of bids;

(e)

the irrevocability of bids and the conditions permitted.

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