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Template:M summ Equity Derivatives 12.1(d): Difference between revisions
Template:M summ Equity Derivatives 12.1(d) (view source)
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If you’re like the [[JC]] you will be wondering how a single holder could acquire ''more'' than 100 per cent of the extant {{eqderivprov|Shares}} of an {{eqderivprov|Issuer}}. But, to an [[ISDA ninja]], that | [[12.1(d) - Equity Derivatives Provision|If]] you’re like the [[JC]] you will be wondering how a single holder could acquire ''more'' than 100 per cent of the extant {{eqderivprov|Shares}} of an {{eqderivprov|Issuer}}. But, to an [[ISDA ninja]], that is to rather miss the point. We are not talking about the ''practical'', but the ''conceptually possible''. Perhaps in a [[parallel universe]], where normal rules of Euclidean geometry don’t apply. Or down a gravity well or something. | ||
Sleep assured that, however conceptually difficult — ''logically'' difficult — such a feat might be, if someone ''does'' manage it then {{icds}} has your — or her — back. | Sleep assured that, however conceptually difficult — ''logically'' difficult — such a feat might be, if someone ''does'' manage it then {{icds}} has your — or her — back. | ||
Actually, come to think of it, they don’t, because an acquisition of more than 100% would not count as a {{eqderivprov|Tender Offer}} at all. | |||
[[Eheu]]. I suppose we had all better hope and that normal rules of Euclidean geometry continue to apply for the time being. | |||
Also, is not clear what is meant to happen if the Tender Offer relates to ''exactly'' 100 per cent of the outstanding {{eqderivprov|Shares}}. | |||