Part 8 — Compulsory Acquisition
155 Definitions
(a) "dissenting offeree" means a holder of a share of a class for
which a take-over bid is made who does not accept the
take-over bid, and includes a subsequent holder of that share
who acquires it from the first-mentioned holder;
(b) "offer" includes an invitation to make an offer;
(c) "offeree" means a person to whom a take-over bid is made;
(d) "offeree cooperative" mean s a cooperative whose shares are
the object of a take-over bid;
(e) "offeror" means a person, other than an agent, who makes a
take-over bid, and includes 2 or more persons who, directly
or indirectly,
(i) make take-over bids jointly or in concert, or
(ii) intend to exercise jointly or in concert voting rights
attached to shares for which a take-over bid is made;
(f) "share" means an investmen t share, with or without voting
rights, and includes
(i) a security currently conve rtible into such a share, and
(ii) currently exercisable options and rights to acquire such a
share or such a convertible security;
(g) "take-over bid" means an offer made by an offeror to
investment shareholders at approximately the same time to
acquire all of the shares of any class of issued shares of an
offeree cooperative.