NORWAY Law and Practice Contributed by: Fredrik Lykke, Christian P. N. Fenner and Magnus Brox, Advokatfirma DLA Piper AS Norway
announced transactions, but sometimes minority shareholders and/or hedge funds position themselves after the announcement of an offer. Such position - ing typically takes the form of share acquisitions and/ or co-operation to have sufficient shares to prevent the bidder from obtaining enough acceptances. The aim is then to await a competitive bid and/or force a revised and higher offer.
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