Topic
Tender Offer
143 published works
Cleary Securities, Disclosure, and Governance Watch
SEC Updates CFI Guidance: April Through August 2026 Roundup
During the April-through-August 2026 period, the SEC’s Division of Corporation Finance (Corp Fin) issued new Corporation Finance Interpretations (CFIs), formerly called Compliance and Disclosure Interpretations, in May, June, and July;…
Across The Board
More Tools in the Liability Management Toolbox
As a result of recent Securities and Exchange Commission staff relief, companies, their management teams and boards now have enhanced flexibility in connection with a range of liability management transactions,…
Free Writings + Perspectives
New SEC Relief Allowing Abbreviated Tender Offers for Equity Securities and Non-Convertible Debt Securities
By Ryan Castillo, Ronald Distante, Anna T. Pinedo
Webinar | August 17, 20261:00 p.m. – 2:00 p.m. EDTRegister here. In a pair of exemptive orders issued in April and June 2026, the SEC’s Division of Corporation Finance (the “Division”)…
Free Writings + Perspectives
New Corporation Finance Interpretations on Beneficial Ownership Reporting and Other Topics
By Liz Walsh
On July 9, 2026, the Securities and Exchange Commission’s Division of Corporation Finance issued a number of new Corporation Finance Interpretations (“CFIs”) (marking more than 150 new and revised CFIs…
The CLS Blue Sky Blog
Wachtell Lipton Discusses SEC Expansion of Five Business Day Debt Tender Offer Criteria
By Renholding
On June 30, 2026, the SEC’s Division of Corporation Finance published an exemptive order (the “Debt Order”) permitting tender offers for non-convertible debt securities with a minimum offering period of…
Cleary Securities, Disclosure, and Governance Watch
SEC Modernizes Debt Tender Offer Rules with New Exemptive Order
By Lesley Janzen, Manuel Silva, David Lopez, Stav Harel
The SEC has issued a significant exemptive order modernizing and expanding the ability of issuers to conduct tender offers for their non-convertible debt securities over an abbreviated period of five…
Free Writings + Perspectives
SEC Issues Exemptive Order Expanding Availability of Five-Business Day Tender Offer Relief for Non-Convertible Debt Securities
By Ryan Castillo, Ronald Distante, Anna T. Pinedo
On June 30, 2026, the Office of Mergers and Acquisitions of the Division of Corporation Finance (the “Division”) of the Securities and Exchange Commission (“SEC”) issued an exemptive order (the…
Public Company Advisory Blog
SEC Staff Issues Exemptive Order for Tender of Exchange Offers for Non-Convertible Debt
By Publisher
In April, the Office of Mergers and Acquisitions of the SEC’s Division of Corporation Finance issued an exemptive order providing issuers and, in some cases, third party bidders with the…
The CLS Blue Sky Blog
Gibson Dunn Discusses Exemptive Relief Allowing 10-Business Day Equity Tender Offers
By Mellissa Campbell Duru, Brian Lane, Sebastian Fain, Alisa Babitz, Matt Staugaard
On April 16, 2026, the Staff of the Securities and Exchange Commission (the SEC)’s Division of Corporation Finance (the Division) issued an exemptive order granting relief that will permit certain…
The Securities Edge
THE SEC EXEMPTIVE ORDER ON TENDER OFFERS – THE RIGHT DESTINATION BUT THE WRONG WAY OF GETTING THERE?
In April, the SEC took one of its first steps to revise the rules governing public company disclosures and transactions, when it issued an exemptive order permitting certain all-cash tender…