Jim Hamilton’s World of Securities Regulation: Staff grants no-action relief for Yahoo’s pricing formula in Dutch auction tender offer

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By Jacquelyn Lumb The SEC’s Division of Corporation Finance has granted no-action relief requested by Yahoo! Inc. that will permit it to rely on a particular formula to determine the purchase price of its common shares and the number of shares accepted in a planned issuer tender offer. Yahoo plans to offer up to $3 billion for its shares in the self-tender offer which will occur in advance of its sale to Verizon Communications Inc. Verizon agreement. Yahoo and Verizon entered into a share pur…  show all text

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@WholeBoardDev: "Staff grants no-action relief for Yahoo’s pricing formula in Dutch auction tender offer" http://ift.tt/2rAYG8Q; #corpgov

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@ProfPadfield: "Staff grants no-action relief for Yahoo’s pricing formula in Dutch auction tender offer" http://ift.tt/2rAYG8Q; #corpgov

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