Indiana § 23-2-3.1-6.5 Terms of offer; requisites; number of offerees

Indiana Statutes

§ 23-2-3.1-6.5 — Terms of offer; requisites; number of offerees

Indiana § 23-2-3.1-6.5

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 2SECURITIES AND FRANCHISES

Ch. 3.1Takeover Offers

This text of Indiana § 23-2-3.1-6.5 (Terms of offer; requisites; number of offerees) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 23-2-3.1-6.5 (2026).

Text

5.No takeover offer may be made which is not made to all offerees holding the same class of equity securities of the target company on substantially equivalent terms. A takeover offer to purchase less than any or all equity securities of the same class of the outstanding equity securities of the target company is not considered as having been made to all offerees of that class on substantially equivalent terms if the pro rata portion of equity securities of that class tendered by any offeree which will be accepted by the offeror is not equal to the highest pro rata portion of equity securities of that class tendered by any other offeree which will be accepted by the offeror. A takeover offer permitting offerees to elect to receive one (1) or more differing kinds of consideration is not co

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5. No takeover offer may be made which is
not made to all offerees holding the same class of equity securities of
the target company on substantially equivalent terms. A takeover offer
to purchase less than any or all equity securities of the same class of the
outstanding equity securities of the target company is not considered
as having been made to all offerees of that class on substantially
equivalent terms if the pro rata portion of equity securities of that class
tendered by any offeree which will be accepted by the offeror is not
equal to the highest pro rata portion of equity securities of that class
tendered by any other offeree which will be accepted by the offeror. A
takeover offer permitting offerees to elect to receive one (1) or more
differing kinds of consideration is not considered as having been made
to all offerees holding the same class of equity securities of the target
company on substantially equivalent terms if proration occurs and the
pro rata share of any one (1) or more differing kinds of consideration
which is allocable to any offeree is not equal to the highest pro rata
share allocable to any other offeree.