Obligations of the acquirer

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..... en made for fulfilling the payment obligations under the open offer and that the acquirer is able to implement the open offer, subject to any statutory approvals for the open offer that may be necessary. (2) In the event the acquirer has not declared an intention in the detailed public statement and the letter of offer to alienate any material assets of the target company or of any of its subsidia .....

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..... ter of offer and the post-offer advertisement are true, fair and adequate in all material aspects and not misleading in any material particular, and are based on reliable sources, and state the source wherever necessary. (4) The acquirer and persons acting in concert with him shall not sell shares of the target company held by them, during the offer period. (5) The acquirer and persons acting in c .....

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