General Rules and Regulations
Securities Exchange Act of 1934
Rule 14d-7 -- Additional Withdrawal Rights
Rights. In addition to the provisions
of section 14(d)(5) of the Act,
any person who has deposited securities pursuant to a tender offer has
the right to withdraw any such securities during the period such offer
request or invitation remains open.
Exemption during subsequent offering period.
Notwithstanding the provisions of section 14(d)(5) of the Act and paragraph
(a) of this section, the bidder need not offer withdrawal rights during
a subsequent offering period.
Notice of withdrawal. Notice of withdrawal
pursuant to this section shall be deemed to be timely upon the receipt by
the bidder's depositary of a written notice of withdrawal specifying the name(s)
of the tendering stockholder(s), the number or amount of the securities to
be withdrawn and the name(s) in which the certificate(s) is (are) registered,
if different from that of the tendering security holder(s). A bidder may impose
other reasonable requirements, including certificate numbers and a signed
request for withdrawal accompained by a signature guarantee, as conditions
precedent to the physical release of withdrawn securities.
Notice to Users: The Deskbook is made available
with the understanding that the University of Cincinnati College
of Law is not engaged in rendering legal, accounting or other professional
services. If legal advice or other expert assistance is required,
the services of a competent professional person should be sought. See Terms and Conditions of Use.