Some reasonable responses were given in part (b) of question 3 but a sizeable number of candidates thought that minority share holders could never be forced to sell their shares, and fewer but significant minority of candidates thought that offering a higher price to some shareholders was acceptable.

Both of these assertions are incorrect within the EU Takeovers Directive. A significant minority of responses did not attempt to produce answers for either or both proposals and thereby failed to gain any marks for part (b). When selecting a question, candidates should ensure that they answer all parts of a question adequately in order to achieve a comfortable pass.