period (1) The bidder must not dispose of any securities in the bid class
during the bid period.
(2) Subsection (1) does not apply to a disposal of securities by the
bidder if:
- (a)
- someone else who is not an associate of the bidder makes an
offer, or improves the consideration offered, under a takeover bid for
securities in the bid class after the bidder's statement is given to the
target; and
- (b)
- the bidder disposes of the securities after the offer is made or the
consideration is improved.