RTA · Business Corporations Act
Part 16 — Take-over Bids - Compulsory Purchase
194 Definitions
(a) "dissenting offeree" means an offeree who does not accept a
take-over bid and a person who acquires from an offeree a
share for which a take-over bid is made;
(b) "offer" includes an invitation to make an offer;
(c) "offeree" means a person to whom a take-over bid is made;
(d) "offeree corporation" means a corporation 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 a share with or without voting rights and
includes
RSA 2000
(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
shareholders to acquire all the shares of any class of shares
of an offeree corporation not already owned by the offeror,
and includes every take-over bid by a corporation to
repurchase all the shares of any class of its shares that leaves
outstanding voting shares of the corporation.
1981 cB-15 s187