A Member State need not apply the first paragraph if the laws of that Member State entitle the acquiring company, without a previous public takeover offer, to require all the holders of the remaining securities of the company or companies to be acquired, to sell those securities to it prior to the merger at a fair price.
Ní gá do Bhallstát an chéad mhír a chur i bhfeidhm má tá an chuideachta éadála i dteideal, faoi dhlíthe an Bhallstáit sin, gan tairiscint táthcheangail phoiblí roimhe sin, ceangal ar shealbhóirí uile urrúis eile na cuideachta atá á fáil nó na gcuideachtaí atá á bhfáil na hurrúis sin a dhíol roimh an gcumasc ar phraghas cóir.