Federal Act
on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading
(Financial Market Infrastructure Act, FinMIA)


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Art. 133 Competing offers

1 In the event of com­pet­ing of­fers, the hold­ers of equity se­cur­it­ies in the tar­get com­pany must be free to choose which of­fer they ac­cept.

2 The Takeover Board shall is­sue pro­vi­sions re­lat­ing to com­pet­ing of­fers and their ef­fect on the first of­fer.

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