Rules on takeover

[CityFarmer]

Mandatory offer: > 30%
Conditional if < 50%, unconditional if >50%

Delist: 90%

Anything else?

Conditional means the offer is with condition(s), unconditional means no condition attached. It might not necessary means 50% threshold.

CF, my observation is a conditional offer usually turns unconditional once it hit 50% threshold, why is it so if not because of the rules?

I assume we are talking on definition, rather than norm. I don't track the norm, but I am clear on the definition.

In the offer doc, there always a section on condition(s), or the offer can be unconditional. It is up to the offeror to define their condition(s), rather than a fixed definition of the 50% threshold.

You may want to refer to the doc I attached with my previous post.

I hope I didn't confuse you further.