§ 240.14e-8. Prohibited conduct in connection with pre-commencement communications.
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/us/cfr/t17/s§ 240.14e-8·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is a fraudulent, deceptive or manipulative act or practice within the meaning of section 14(e) of the Act (15 U.S.C. 78n) for any person to publicly announce that the person (or a party on whose behalf the person is acting) plans to make a tender offer that has not yet been commenced, if the person:
(a)Is making the announcement of a potential tender offer without the intention to commence the offer within a reasonable time and complete the offer;
(b)Intends, directly or indirectly, for the announcement to manipulate the market price of the stock of the bidder or subject company; or
(c)Does not have the reasonable belief that the person will have the means to purchase securities to complete the offer. \[64 FR 61466, Nov. 10, 1999\]
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§ 240.14e-8
Prohibited conduct in connection with pre-commencement communications.
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