Attys, SEC Slog Long Road To Debt Tender Offer Reform
February 6, 2015
Law360
Jim Clark gives Law360 a behind-the-scenes account and commentary about the initiative that led to a new policy by the SEC permitting five business day tender offers for debt securities. The article reports on the SEC’s issuance of a no-action letter, reversing a nearly 30-year old policy that reduces the minimum offer period for debt securities under the Securities Exchange Act of 1934. The effort was a collaboration between Cahill and other leading law firms as well as investment banks. Cahill partner Michael Ohler also participated in the effort.
