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47. Is the Target allowed to waive existing standstills on receipt of a Superior Proposal?
(a) Yes, but subject to limitations (17%)
(b) No (83%)
48. Does the Purchaser have a right to match the second offer?
(a) No (2%)
(b) Yes (98%)
49. How long is the period in which the right to match is open to the Purchaser?
(a) 2 days (5%)
(b) 3 days (29%)
(c) 4 days (12%)
(d) 5 days (50%)
(e) 6 days or more (5%)
50. Is the Target permitted to terminate the agreement when it determines to accept a Superior Proposal,
even if the Target has breached its no-shop obligations?
(a) No (95%)
(b) Yes (5%)
51. Is the Target required to re-affirm its recommendation of the Purchaser's proposal in certain
circumstances?
(a) At the request of the Purchaser (31%)
(b) After receiving an acquisition proposal that is not a Superior Proposal (63%)
(c) After receiving a Superior Proposal that results in an amendment of the Purchaser's offer that renders the
proposal not superior (69%)
