Document ID: chunk:federal_register_of_legislation:C2025C00185:section:650c
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 650C
Character Range: 2564150–2564970

650C  Off‑market bids—extension of offer period
 (1) A bidder making an off‑market bid may extend the offer period at any time before the end of the offer period.
 (2) If the bid is subject to a defeating condition, the bidder may extend the offer period after the publication of the notice under subsection 630(3) only if one of the following happens after the publication:
 (a) another person lodges with ASIC a bidder's statement for a takeover bid for securities in the bid class;
 (b) another person announces a takeover bid for securities in the bid class;
 (c) another person makes offers under a takeover bid for securities in the bid class;
 (d) the consideration for offers under another takeover bid for securities in the bid class is improved.
Note: Section 624 says how long the total offer period can be.