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SEC Grants UK-Based Company Exemption from Tender Offer Rules

The SEC Division of Corporation Finance granted an exemption to a UK-based company from an Exchange Act rule barring purchases outside of a tender offer. The exemption permits the company to "purchase, or arrange to purchase, Shares outside the Offer in accordance with English law."

Primary Sources

  1. SEC Division of Corporation Finance: No-Action Letter - Cash Offer by Mastercard UK Holdco Limited for Earthport PLC

Tags

Jurisdiction
US - Federal
Organization
SEC