# Companies Act 2006, Paragraph 5


An offeror must announce a takeover bid only after—
(a) ensuring that the offeror can fulfil in full any cash consideration, if such is offered, and
(b) taking all reasonable measures to secure the implementation of any other type of consideration.

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Source: https://www.legislation.gov.uk/ukpga/2006/46/schedule/1C/paragraph/5 (the official version)
Page: https://openlegislation.uk/companies-act-2006/schedule-1C/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.