153. Requirements for tender offer statement

A person who intends to make a tender offer shall file a tender offer statement with the Authority in a form and within the time limit as determined by the Authority.

The Authority shall not permit any public announcements or offers to purchase to be made or securities accepted except as in accordance with any regulations made by the Authority.

A tender offer must remain open for at least 30 days from the date when the written tender offer statement is sent to the holders of securities or from the date when they are notified in such manner as determined by the

A bidder must within 20 days -

Any person who has deposited securities pursuant to a tender offer has the right to withdraw the securities at any time during the offer period.

If a bidder makes a tender offer for less than all of the outstanding equity securities of a class, and if a greater number of securities are deposited than the person has agreed to purchase, the securities shall be purchased as nearly as possible on a pro rata basis, disregarding fractions, according to the number of securities deposited by each depositor during the offer period.