SS · Business Corporations Act
Part 16 — Take-over Bids - Compulsory Purchase
195 Compulsory acquisition of shares of dissenting offeree
which it is sent.
(2) If within the time limited in a take-over bid for its acceptance
or within 120 days after the date of a take-over bid, whichever
period is the shorter, the bid is accepted by the holders of not less
than 90% of the shares of any class of shares to which the take-over
bid relates, other than shares of that class held at the date of the
take-over bid by or on behalf of the offeror or an affiliate or
associate of the offeror, the offeror is entitled, on the bid being so
accepted and on complying with this Part, to acquire the shares of
that class held by the dissenting offerees.
(3) The rights of an offeror and offeree under this Part are subject
to any unanimous shareholder agreement.
1981 cB-15 s188;1981 c44 s1