There are multiple differences between the features of on-market and off-market______

in a takeover process.

The consideration paid in an on-market process must be______

whilst in an off-market process alternative forms are available.

On-market terms must be________

however off-market markets allow for a greater level of certainty for the bidder, although cannot include any prohibited conditions under ss626 to 629.

Naturally on-market bids are only in relation to_______

securities.