Notices. SECURITIES AND EXCHANGE COMMISSION
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/register/2001/11/05/01-27711A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 8010-01-M SECURITIES AND EXCHANGE COMMISSION Proposed Collection; Comment Request Upon Written Request Copies Available From: Securities and Exchange Commission, Office of Filings and Information Services, Washington, DC 20549. Extensions: Rule 425, Schedule TO—OMB Control No. 3235-0521, SEC File No. 270-462; OMB Control No. 3235-0515, SEC File No. 270-456 Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 *et seq.,* ) the Securities and Exchange Commission (“Commission”) is soliciting comments on the collections of information summarized below.
The Commission plans to submit these existing collections of information to the Office of Management and Budget for extension and approval. Rule 425 requires the filing of certain prospectuses and communications under Rule 135 in connection with business combinations. The purpose of the rule was to relax existing restrictions on oral and written communications with shareholders about tender offers, mergers and other business combination transactions by permitting the dissemination of more information on a timely basis as long as the written communications are filed on the date of first use.
Approximately 5,739 issuers file communications under Rule 425 for a total of 1,435 annual burden hours. Schedule TO must be filed by a reporting company that makes a tender offer for its own securities. Also, persons other than the reporting company making a tender offer for equity securities registered under section 12 of the Exchange Act (which offer, if consummated, would cause that person to own over 5 percent of that class of the securities) must file Schedule TO. The purpose Schedule TO is to improve communications between public companies and investors before companies file registration statements involving tender offer statements.
Approximately 3,038 issuers annually file Schedule TO and it takes 43.5 hours to prepare for a total of 132,153 annual burden hours. It is estimated that 50% of the 132,153 total burden hours (66,077 burden hours) is prepared by the company. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid control number. Written comments are invited on:
(a)Whether these collections of information are necessary for the proper performance of the functions of the agency, including whether the information will have practical utility;
(b)the accuracy of the agency's estimate of the burden of the collections of information;
(c)ways to enhance the quality, utility, and clarity of the information collected; and
(d)ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Consideration will be given to comments and suggestions submitted in writing within 60 days of this publication. Pease direct your written comments to Michael E. Bartell, Associate Executive Director, Office of Information Technology, Securities and Exchange Commission, 450 Fifth Street, NW., Wshington, DC 20549. Dated: October 25, 2001. Margaret H. McFarland, Deputy Secretary. [FR Doc. 01-27711 Filed 11-2-01; 8:45 am]
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Notices
SECURITIES AND EXCHANGE COMMISSION
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