145. The offeror and his joint actors shall offer the same conditions to all the holders of securities of the class that is the subject of a take-over bid. Both the offeror and his joint actors are prohibited from making any agreement that would have the effect of creating disparity among the holders.
The Commission has the power to authorize the offeror to enter into an agreement with one of the holders of securities which are the subject of the take-over bid where it considers that the agreement is not made for the purpose of increasing the consideration paid to that holder.
1982, c. 48, s. 145; 1984, c. 41, s. 40; 1992, c. 35, s. 7.