Anyone who acquires equity securities that, when added to equity securities already owned, exceed the threshold of one-third of the voting rights (irrespective of whether these voting rights are exercisable) of a Swiss listed company, is obliged to make a public tender offer for all listed equi...
2023, the FTC, with the concurrence of the DOJ, announced proposed rules that, once implemented, will significantly increase the amount of information that transaction parties will need to include in their HSR filings. After the proposed new rules are implemented, it is expected that the estimated...
regardless of whether those offshore funds have U.S. investors). While the private fund adviser rules affect only advisers that advise private funds, the amendments to the compliance rule apply to allSEC-registered
In a going-private deal, where the target of a private equity transaction is a listed company, the transaction will likely be subject to the tender offer regulations of the Financial Instruments and Exchange Act. The purchaser will thus be required to comply strictly with the disclosure rules an...
Tender offertakeover premiumdisclosure rulesmethod of paymentall-cash offerall-stock offeroffer for controlminority buyoutIn 1970, France introduced disclosure rules governing public tender offers without changing an existing four-week minimum offer period. We document a substantial increase in total ...
For employees, these restrictions sometimes mean navigating a maze of rules and obtaining necessary approvals. The market specialists and advanced trading technology at Nasdaq Private Market are all designed with issuers needs in mind to help employee shareholders streamline this process and efficiently ...
By order of 30 March 2004, the Högsta Domstolen (Swedish Supreme Court) referred to the Court of Justice for a preliminary ruling under Article 234 EC four questions concerning the compatibility with the Treaty of Member State rules prohibiting private imports of products the retail sale of ...
Securities Exchange Act of 1934, as amended, and the rules prescribed thereunder do not apply to the tender offer, and the tender offer does not conform to those procedures and standards.The financial advisors to Blackstone and Info...
Liquidity Employee Tender Offer Implications Private Markets Solutions Company Liquidity in Volatile Market Morgan Stanley at Work, Morgan Stanley Smith Barney LLC, and its affiliates, employees and Financial Advisors do not provide legal or tax advice. Individuals should consult with their tax/legal adv...
Registration also subjects the company to the tender offer and proxy rules under Section 14 of the Act, its officers, directors and 10%-or-greater shareholders to the reporting requirements and short-term profit prohibitions under Section 16 of the Act and its 5%-or-greater shareholders to the...