15 CSR 30-56.025
Tender Offer
PURPOSE: This rule clarifies the meaning of
tender offer as defined in the Missouri Takeover Bid Disclosure Act.
(1) A Tender Offer or Request or Invitation
for Tenders Within the Meaning of Section
409.500, RSMo. The Missouri Take-over
Disclosure Act is a publicly made invitation
addressed to all shareholders to tender shares
at a given price, characterized by active or
widespread solicitation or pressure to accept
or reject an offer quickly.
AUTHORITY: section 409.531, RSMo 1986.*
Original rule filed March 27, 1989, effective
June 12, 1989.
*Original authority: 409.531, RSMo 1986.