Competing offers

(1) Competing offers are offers made by a third party during the acceptance period of an offer.
(2) Where, in the case of competing offers, the acceptance period for the offer expires before expiry of the acceptance period for the competing offer, the expiry of the acceptance period for the offer is determined by the expiry of the acceptance period for the competing offer. This also applies where the competing offer is amended or prohibited or infringes legal provisions.
(3) Holders of securities of the target company who accepted the offer may withdraw from the contract up to expiry of the acceptance period, where the contract was concluded before publication of the offer document of the competing offer.