take-over offer "take-over offer" means an offer made to acquire all or part of the voting shares or voting rights, or any class or classes of voting shares or voting rights, in a company and includes:- (a) a take-over or merger transaction howsoever effected which has the effect or potential effect of obtaining or consolidating control in the company; (b) a partial offer as defined in the Code; (c) a take-over offer by a parent company for the voting shares or voting rights in its subsidiary; or (d) an arrangement or reorganization that involves the voting shares or voting rights of a listed company; ACT 671 - CAPITAL MARKETS AND SERVICES ACT 2007 216. Interpretation.