A document containing details of a takeover bid which is sent to the shareholders of the target company.
- This process would begin once the offerer posts the offer document to shareholders outlining all details of the bid and requesting shareholders to indicated their acceptance.
- If shareholders ignore the offer document the money which they are due will be held in an escrow account unclaimed.
- With the result confirmed as expected Valentia will post the offer document to the shareholders this Friday.
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