17 C.F.R. § 240.14d-11 Subsequent offering period.
Title 17 - Commodity and Securities Exchanges
A bidder may elect to provide a subsequent offering period of three business days to 20 business days during which tenders will be accepted if: (a) The initial offering period of at least 20 business days has expired; (b) The offer is for all outstanding securities of the class that is the subject of the tender offer, and if the bidder is offering security holders a choice of different forms of consideration, there is no ceiling on any form of consideration offered; (c) The bidder immediately accepts and promptly pays for all securities tendered during the initial offering period; (d) The bidder announces the results of the tender offer, including the approximate number and percentage of securities deposited to date, no later than 9:00 a.m. Eastern time on the next business day after the expiration date of the initial offering period and immediately begins the subsequent offering period; (e) The bidder immediately accepts and promptly pays for all securities as they are tendered during the subsequent offering period; and (f) The bidder offers the same form and amount of consideration to security holders in both the initial and the subsequent offering period. Note to [64 FR 61462, Nov. 10, 1999]
Title 17: Commodity and Securities Exchanges
PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934
§ 240.14d-11 Subsequent offering period.