SIA Submits Comments to the SEC on Amendments to the Tender Offer Best-Price Rule
Published on:
February 21, 2006
The Capital Markets Committee of the Securities Industry Association (SIA)* provides comments to the Securities and Exchange Commission (SEC)on amendments to the tender offer best-price rule, File No. S7-11-05; Release Nos. 34-52968; IC-27193. SIA members are intensely interested in proposals intended to reestablish the tender offer as a viable means of effecting public company acquisitions. SIA offers its observations and recommendations on areas of the amendments including: 1) commercial agreements; 2) safe harbor; and 3) issuer tender offers.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.