United States:
SEC Exempts Indian Company From Tender Offer Requirements
13 November 2018
Cadwalader, Wickersham & Taft LLP
To print this article, all you need is to be registered or login on Mondaq.com.
The SEC Division of Corporation Finance granted exemptive relief to Mphasis Limited,
an Indian company, from
Exchange Act Rules 14e-1(a) and
(c) ("Unlawful Tender Offer Practices"). The
exemption will permit Mphasis Limited to (i) keep its tender offer
open for a ten-working-day offer period and (ii) pay for tendered
shares within seven working days after the closing of the tender
offer, in accordance with Indian law.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Government, Public Sector from United States
Washington State: 2024 Spring Legislative Roundup
Ogletree, Deakins, Nash, Smoak & Stewart
The Washington State Legislature's 2024 legislative session adjourned on March 7, 2024, concluding a busy sixty-day period that saw lawmakers introduce almost 1,200 bills—on education, public safety...
The GovCon Pulse | Spring 2024
Greenberg Traurig, LLP
Welcome to the inaugural issue of The GovCon Pulse, your guide to navigating the complex world of government contracts law.