Example sentences of "cent of [art] target " in BNC.
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| 1 | It was predictable that the onerousness of the rating task held down response rate somewhat ( 33 per cent of a target population of 200 ) , but less predictably , great suspicion was aroused by the use of multiplication as a way of combining the two components of need for change . |
| 2 | ( b ) except with the consent of the Panel , must be conditional only upon the offeror obtaining sufficient acceptances to give it more than 50 per cent of the target company 's voting rights . |
| 3 | ( 1 ) To ensure that the bidder acquires 100 per cent of the target . |
| 4 | The consequences and disadvantages of a bidder acquiring less than 100 per cent of the target are explained in para 9.1.2 below and Appendix 2 . |
| 5 | This may be particularly important to a bidder who wishes , or needs , to acquire 100 per cent of the target ( see para 9.1.2 below and Appendix 2 ) . |
| 6 | For instance , if a known dissentient minority shareholder holds more than 10 per cent but less than 25 per cent of the target 's voting rights , a Court Scheme might succeed in achieving a 100 per cent acquisition where a compulsory sale would fail . |
| 7 | This can be a welcome comfort if it is essential that the bidder acquires 100 per cent of the target . |
| 8 | This requirement may be waived if over 50 per cent of the target 's voting rights are held by one shareholder . |
| 9 | For instance , a potential bidder might be looking to acquire up to 3 per cent of the target 's voting rights undetected and then , during the Companies Act disclosure period of two business days , to acquire as many shares as possible to get up to 14.99 per cent ( after which the SARs apply ) . |
| 10 | Shareholders will know that any subsequent bid made within three months ( or such longer period as the Panel may require in order to ensure equality of treatment for all shareholders ) may not be made on less favourable terms than the tender offer because of Rule 6.1 ( see para 7.2.3 below ) and , because the buyer will ( usually ) have acquired 10 per cent of the target 's voting rights for cash , any bid within the next 12 months must be for cash ( or include a cash alternative ) at the highest price paid by the bidder ( whether under the tender offer or in respect of market purchases ) during the 12-month period in accordance with Rule 11 ( see para 7.2.2 below ) . |
| 11 | ( 4 ) In the case of an offer which , if accepted in full , would result in the offeror holding shares carrying over 50 per cent of the target 's voting rights , the condition relating to the level of acceptances required ( " the acceptance condition " ) may be set above the minimum required by Rule 10 ( which is over 50 per cent of the target 's voting rights ) . |
| 12 | ( 4 ) In the case of an offer which , if accepted in full , would result in the offeror holding shares carrying over 50 per cent of the target 's voting rights , the condition relating to the level of acceptances required ( " the acceptance condition " ) may be set above the minimum required by Rule 10 ( which is over 50 per cent of the target 's voting rights ) . |
| 13 | THE hostile £290 million takeover bid by Airtours for its rival holiday operator , Owners Abroad , lapsed yesterday , as the bidder received acceptances for only 35.18 per cent of the target . |