SEC Takes Aim At 'Best Price' Rule

O'Connor, Colleen Marie
January 2006
Investment Dealers' Digest;1/9/2006, Vol. 72 Issue 1, p9
Trade Publication
The article presents information on the proposed amendments of the U.S. Securities and Exchange Commission. The commission's proposed amendments to the best price rule in mergers and acquisitions tender offers hold up after its comment period ends on February 21, 2006. The best price rule was first enacted in 1968 to fry to eliminate discrimination and pressure placed on shareholders during tender offers, and to try to ensure that all shareholders who tender their securities in an offer get the same consideration.


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