Article
New SEC Exemptive Relief For Tender Offers For Equity Securities
On April 16, 2026, the staff of the Division of Corporation Finance (the “Staff”) of the U.S. Securities and Exchange Commission (“SEC”) issued an exemptive order granting relief from Rules 13e-4(f)(1)(i) and 14e-1(a) and (b) under the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), for certain qualifying tender offers for equity securities (“10 Business Day Tender Offers”).
Simpson Thacher & Bartlett