The latter included detailed provisions, such as an obligation to launch a full bid for 100% of a target company's shares once a person acquired shares with more than one third of the voting rights, with a view to ensuring that minority shareholders were not excluded from the opportunity to sell their shares at an attractive bid price. The proposal also featured elaborate requirements concerning the publication of bids, contents of offer documents and revision of bids.
Cette dernière contenait des dispositions détaillées, notamment l'obligation de lancer une offre globale, portant sur l'intégralité du capital de la société visée, dès lors qu'une personne avait acquis des actions lui donnant plus d'un tiers des droits de vote, afin de garantir que les actionnaires minoritaires puissent, eux aussi, vendre leurs actions à un prix avantageux.
