SEC Amends Cross-Border Rules
October 2, 2008
David M. Johansen
DOWNLOAD PDF: SEC Amends Cross-Border Rules
The SEC has amended its rules applicable to cross-border tender offers, exchange offers, business combination transactions and rights offerings, and also issued related interpretive guidance. The amendments significantly change the eligibility test for calculating US ownership of the subject securities, expand the Tier I and Tier II exemptions, and allow many foreign institutions to file a less-burdensome Schedule 13G as qualified institutional investors rather than the more-burdensome Schedule 13D.
If you would like to know more about any of the new rules mentioned above, please contact the White & Case lawyer with whom you regularly discuss securities matters or any of the following lawyers:
Colin Diamond
Partner, New York
+1 212 819 8754
David Johansen
Partner, New York
+1 212 819 8509
N. Adele Hogan
Partner, New York
+ 1 212 819 8626
Gary Kashar
Partner, New York
+ 1 212 819 8223
Kevin Keogh
Partner, New York
+ 1 212 819 8227
Mark L. Mandel
Partner, New York
+ 1 212 819 8546
Gregory P. Pryor
Partner, New York
+ 1 212 819 8389
John M. Reiss
Partner, New York
+ 1 212 819 8247
Laura M. Sizemore
Partner, New York
+ 1 212 819 8373
Francis Fitzherbert-Brockholes
Partner, London
+ 44 20 7532 1400
Sven Krogius
Partner, London
+ 44 20 7532 1526
James J. Black
Local Partner, Frankfurt
+ 49 69 29994 0
Petri Y. J. Haussila
Partner, Helsinki
+ 358 9 228 641
Gabor Molnar
Partner, Johannesburg
+ 27 11 341 4014
Kaya H. Proudian
Partner, Singapore
+ 65 6225 6000
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© 2008 White & Case LLP
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