Competing Proposal means Clause Samples
The 'Competing Proposal' clause defines what constitutes an alternative offer or proposal that competes with the current agreement or transaction under consideration. Typically, this clause outlines the types of offers—such as bids, merger proposals, or acquisition offers—that would be considered as competing, and may specify thresholds or criteria for such proposals to qualify. By clearly delineating what is considered a competing proposal, the clause helps prevent ambiguity and ensures that all parties understand when certain rights or obligations, such as matching rights or notification requirements, are triggered.
Competing Proposal means an offer (including a partial, exchange or tender offer), merger, acquisition, dual-listed structure, scheme of arrangement, reverse takeover, whitewash transaction and/or business combination (or the announcement of a firm intention to do the same), the purpose of which is to acquire, directly or indirectly, 30 per cent. or more of the issued or to be issued ordinary share capital of AA (when aggregated with the shares already held by the acquirer and any person acting or deemed to be acting in concert with the acquirer) or any arrangement or series of arrangements which results in any party acquiring, consolidating or increasing ‘control’ (as defined in the Code) of AA;
Competing Proposal means an offer (including a partial, exchange or tender offer), merger, acquisition, dual-listed structure, scheme of arrangement, reverse takeover and/or business merger (or the announcement of a firm intention to do the same), the purpose of which is to acquire, directly or indirectly, 30 per cent. or more of the issued or to be issued ordinary share capital of Booker (when aggregated with the shares already held by the acquirer and any person acting or deemed to be acting in concert with the acquirer) or any arrangement or series of arrangements which results in any party acquiring, consolidating or increasing ‘control’ (as defined in the Code) of Booker;