17 C.F.R. § 240.14e-8 Prohibited conduct in connection with pre-commencement communications.
Title 17 - Commodity and Securities Exchanges
It is a fraudulent, deceptive or manipulative act or practice within the meaning of section 14(e) of the Act (15 U.S.C. 78n) for any person to publicly announce that the person (or a party on whose behalf the person is acting) plans to make a tender offer that has not yet been commenced, if the person: (a) Is making the announcement of a potential tender offer without the intention to commence the offer within a reasonable time and complete the offer; (b) Intends, directly or indirectly, for the announcement to manipulate the market price of the stock of the bidder or subject company; or (c) Does not have the reasonable belief that the person will have the means to purchase securities to complete the offer. [64 FR 61466, Nov. 10, 1999]
Title 17: Commodity and Securities Exchanges
PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934
§ 240.14e-8 Prohibited conduct in connection with pre-commencement communications.
