Regulatory Alerts2017-03-15
Proposed Amendments to the Takeovers, Mergers and Acquisitions Module (Module TMA) Volume 6
The Central Bank of Bahrain issues updated rules and general principles governing takeovers, mergers, acquisitions, and share repurchases for companies listed on licensed Bahraini exchanges. The framework mandates equal treatment of all shareholders, requires timely and accurate disclosure of offers, and obligates directors to act in shareholders' best interests while maintaining confidentiality. It defines the scope of application, outlines specific exemptions and compliance responsibilities for offerors and offerees, and establishes clear penalties for breaches of the module.
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