Section 117: Meaning of certain words used in this part.

In this part:
"bid" means an invitation or an offer;
"company" without prejudice to the provisions of the Companies and Allied Matters Act, company as used in this Act means any body corporate and includes a firm or association of individuals;
"court" for the purpose of this Part means the Federal High Court;
"despatch" means communicate in any manner;
"director", in relation to a firm, means a partner in the firm;
"directors' circular" means a circular referred to in section 140 of this Act;
"invitation" means a statement, however expressed, which offers to acquire shares from a person who holds shares;
"offer" means a statement, however expressed, that offers to acquire shares from a person who holds shares;
"offeree company" means a company whose shares are the subject of a take-over bid;
"offeror" means a person or two or more persons jointly or in concert who make a take-over bid;
"regulations" means regulations made by the Commission pursuant to this part of this Act;
"take over" means the acquisition by one company of sufficient shares in another company to give the acquiring company control over that other company;
"take-over bid" means a bid made for the purpose of a take-over as provided in section 132 of this Act.