Final Amendment (effective December 30, 1998): Insider Bids, Issuer Bids, and Take-Over Bids in Anticipation of Going Private Transactions

Final Amendment (effective December 30, 1998): Insider Bids, Issuer Bids, and Take-Over Bids in Anticipation of Going Private Transactions

Pre-Reformulation

NOTICE OF MINISTER OF FINANCE
APPROVAL OF AMENDMENT TO RULE UNDER THE SECURITIES ACT -
IN THE MATTER OF
INSIDER BIDS, ISSUER BIDS AND TAKE-OVER BIDS
IN ANTICIPATION OF
GOING PRIVATE TRANSACTIONS

 

On December 15, 1998, the Minister of Finance approved the amendment of the rule (the"Rule") entitled In the Matter of Insider Bids, Issuer Bids and Take-Over Bids In Anticipationof Going Private Transactions (1997), 20 OSCB 1219, as amended by (1998), 21 OSCB2338 to extend the expiration date of the Rule from December 31, 1998 to December 31,1999. This amendment will come into force on December 30, 1998.

The amendment to the Rule is published in Chapter 5 of this Bulletin.


AMENDMENT TO ONTARIO SECURITIES COMMISSION RULEIN THE MATTER OF INSIDER BIDS, ISSUER BIDS AND TAKE-OVERBIDS IN ANTICIPATION OF GOING PRIVATE TRANSACTIONS

 

1.1 Amendment - The Rule entitled In the Matter of Insider Bids, Issuer Bids and Take-over Bids in Anticipation of Going Private Transactions is amended by deleting"December 31, 1998" in the last sentence and replacing it with "December 31,1999."