TAKEOVER - TKO
  • Corporate Action Proforma - Takeover

    A bidding company seeks to obtain a controlling interest (more than 50% of the shares) in a target company.
    • Main Details - Mandatory 
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    • Shareholder Rights Directive II Details - Optional 
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    • Benefit Details - Mandatory 
    • Issue of Stock and/or Cash depending on members election.Usually there are a number of options to choose. A TTE must be sent to receive the benefit from an option ( the option chosen will be based on the escrow account the member pledges stock to). If there is an open trade an ACON must be input to take up an option and the seller must input the TTE accordingly.

    • In the Benefit Details Repeating Group below please add the CA benefit details.
      If Stock Benefit - Additionally Populate Benefit ISIN and Percentage
      If Cash Benefit - Addtionally Populate Currency only
      If Escrow A/C is applicable, please populate ie AAABBB01 for Option 1 , AAABBB02 for Option 2 etc.

    • Should be Empty: