Back Custom print Link Text Only Rich Text Print

  • Merger Benefits Statements in Securities Exchange Offers

    • TMA-2.9.14

      In a securities exchange offer, a quantified statement about the expected financial benefits of a proposed takeover or merger is deemed to be a profit forecast statement for the purpose of this TMA-2.9. In addition to satisfying the existing standards of information and requirements under the TMA Module, a person issuing such a statement must provide:

      (a) The basis of the belief (including sources of information) supporting the statement;
      (b) An analysis and explanation of the constituent elements sufficient to enable shareholders to understand the relative importance of these elements; and
      (c) A base figure for any comparison drawn.
      Amended: October 2019
      Amended: April 2013