Dodd-Frank Public Companies and Securities
SEC Eases Terms for 5-Day Debt Tender Offers
Public Companies and Securities, Uncategorized The SEC recently provided no-action relief for five-day tender offers. The new no-action letter eases requirements in the following areas: The tender offer must be open for five business days rather than a seven to ten calendar day period under existing no-action relief. The relief allows for exchange offers that meet defined parameters. The no-action […] Read more →
Business Roundtable Gives ISS its Views on Proxy Access
Public Companies and Securities The SEC Division of Corporation Finance recently informed public companies that it will express no views on the application of Rule 14a-8(i)(9) during the current proxy season. ... Read more →
Amicus Briefs Pour in for Wal-Mart Shareholder Proposal Case
Litigation, Public Companies and Securities Amicus briefs are pouring in in favor of Wal-Mart in its appeal to the Third Circuit. Wal-Mart appealed the United States District of Delaware’s decision that denied Wal-Mart... Read more →
No More SEC No-Action Letters on Proxy Access Proposals
Public Companies and Securities Responding to investor pressure, and pressure by shareholder proponents, the SEC Division of Corporation Finance issued this statement: “In light of Chair White’s... Read more →