Title

SEC Issues Guidance on 5-Day Debt Tender Offers and Financial Advisor Disclosure in Equity Tender Offers
Client Memorandum

Created date

11/21/2016

On November 18, the SEC’s Division of Corporation Finance published new guidance relating to its 2015 no-action letter on 5-day debt tender and exchange offers, and also provided guidance on financial advisor disclosure in solicitations involving tender offers for equity securities.