federal_register: 96-33061
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
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| document_number | title | type | abstract | publication_date | pub_year | pub_month | html_url | pdf_url | agency_names | agency_ids | excerpts |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 96-33061 | Odd-Lot Tender Offers by Issuers | Rule | The Securities and Exchange Commission (``Commission'') is adopting an amendment to Rule 13e-4 under the Securities Exchange Act of 1934 (``Exchange Act''). The amendment removes the rule's requirement that an issuer cash tender offer made to odd-lot holders specify a record date of ownership for eligibility to tender into the offer. The amendment enables issuers to conduct continuous, periodic, or extended odd-lot offers for their equity securities. The Commission also is granting a class exemption from Rule 10b-13, and a temporary class exemption from Rule 10b-6, under the Exchange Act to permit issuers to conduct odd-lot offers, to ``round-up'' odd-lots on behalf of odd-lot holders, and to make purchases of their securities otherwise than pursuant to the odd-lot offer. | 1996-12-30 | 1996 | 12 | https://www.federalregister.gov/documents/1996/12/30/96-33061/odd-lot-tender-offers-by-issuers | https://www.govinfo.gov/content/pkg/FR-1996-12-30/pdf/96-33061.pdf | Securities and Exchange Commission | 466 | The Securities and Exchange Commission (``Commission'') is adopting an amendment to Rule 13e-4 under the Securities Exchange Act of 1934 (``Exchange Act''). The amendment removes the rule's requirement that an issuer cash tender offer made to odd-lot... |