TITLE

A 20% Solution?

AUTHOR(S)
Pinedo, Anna T.; Tanenbaum, James R.
PUB. DATE
February 2010
SOURCE
Private Placement Letter;2/15/2010, p2
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers information on the 20 percent rule, which specifies that a listed company should obtain shareholder approval, if a private-placement transaction can result in 20 percent or more of the pre-transaction total shares outstanding at lesser price, than the greater of the book value. It states that for security exchanges, a U.S. Securities and Exchange Commission (SEC)-registered offering is necessarily not a public offering.
ACCESSION #
64391690

 

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