Prohibited transactions in connection with partial tender offers., 17 CFR 240.14e-4

Summary

Note: For the scope of and definitions applicable to Regulation 14E, refer to § 240.14d-1.

Definitions. For purposes of this section:

The amount of a person’s “net long position” in a subject security shall equal the excess, if any, of such person’s “long position” over such person’s “short position.” For the purposes of determining the net long position as of the end of the proration period and for tendering concurrently to two or more partial tender offers, securities that have been tendered in accordance with the rule and not withdrawn are deemed to be part of the person’s long position.

Such person’s long position is the amount of subject securities that such person:

Or his agent has title to or would have title to but for having lent such securities; or

Has purchased, or has entered into an unconditional contract, binding on both parties thereto, to purchase but has not yet received; or

Has exercised a standardized call option for; or

Has ...