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Book II - Issuers and financial disclosure
Title III - Takeover bids
Chapter II - Standard procedure
Section 1 - General provisions
Article 232-4 from 02/02/2011 to 21/06/2019

Article 232-4 into force from to

  • Version into force from to
ELI : /en/eli/fr/aai/amf/rg/article/232-4/20110202/notes

Unless it is unsuccessful, any offer made following the normal procedure shall be re-opened within ten trading days of publication of the final outcome.

The guarantee of the irrevocability of the offeror's commitments referred to in Article 231-13, shall also concern the re-opening of the offer.

The AMF shall publish the timetable for the re-opened offer, which must last ten or more trading days.

However, if the offeror proceeds directly to a squeeze-out in accordance with Articles 237-14 et seq., the initial offer need not be re-opened, on condition that a squeeze-out was mentioned in the offeror's statement of intentions and that it is filed no later than ten trading days after publication of the outcome of the offer.