Wyoming § 17-18-107 Takeover offers; substantially equivalent terms
to all offerees of same class

Wyoming Statutes

§ 17-18-107 — Takeover offers; substantially equivalent terms to all offerees of same class

Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 18 WYOMING MANAGEMENT STABILITY ACT·Art. 1 GENERAL PROVISIONS

No takeover offer shall 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 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

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No takeover offer shall 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 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.

Wyoming § 17-18-107 (Takeover offers; substantially equivalent terms to all offerees of same class) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.