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Article NO. Content


Regulations Governing Public Tender Offers for Securities of Public Companies  CH

Amended Date: 2023.12.04 
Article 23     If the shares number to be sold has exceeded the projected shares number to be acquired, the Offeror shall purchase the shares pro rata, rounded down to a full share, from all the Tenderers. If there are shares left over, the Offeror shall successively buy the shares in random order. The Offeror furthermore shall return those shares which have been deposited but the transaction of which has not been consummated to the original Tenderers.