A Creeping Takeover Allows the Acquisition of No More Than

question 20

True/False

A creeping takeover allows the acquisition of no more than 6 per cent of a target company's shares every six months,provided that the threshold level of 19 per cent has been maintained for at least six months.

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Definitions:

Operating Activities

Refers to the primary activities that constitute the main revenue-producing activities of an organization, such as sales of goods or services.

Indirect Method

A financial reporting approach used for creating cash flow statements, where net income is adjusted for changes in balance sheet accounts to calculate cash flow from operating activities.

Operating Cash Receipts

Money received by a company from its core business operations, often reported during a specific time period.

Equity Securities

Financial instruments indicating ownership in a corporation, such as stocks, which provide dividends and capital gains as returns to investors.