Title

U.S. Securities Laws Considerations and Options for Japanese Cash Tender Offers
Client Memorandum

Created date

5/29/2020

U.S. securities laws regulate tender offers for securities of Japanese companies registered with the U.S. Securities and Exchange Commission, as well as tender offers for securities of Japanese companies that are not registered if the tender offers have relevant connections to the United States. This memorandum discusses U.S. securities law considerations relevant to an all-cash tender offer by a Japanese company for the common stock of another Japanese company, where the target's securities are not registered with the SEC but at least some of the target's common stock is held by residents of the United States.

本メモランダムは日本語版(参考和訳)もご利用いただけます。