Precondition to Making Bid

PURPOSE: This rule sets out hearing conditions to be met after disclosure is made, before making the bid to offerees. (1) Before making the take-over bid and after the disclosure statement, 15 CSR 30-57.060, has been filed, one (1) of the following conditions must be met: (A) No hearing shall have been ordered by the commissioner within fifteen (15) days following the filing; and (B) The commissioner shall have determined in a hearing that the offeror proposes to make full, fair and adequate disclosure to offerees of all information material to a decision to accept or reject an offer. AUTHORITY: section 409.413, RSMo 1986.* Emergency rule filed Aug. 11, 1978, effective Aug. 23, 1978, expired Dec. 21, 1978. Original rule filed Aug. 11, 1978, effective Feb. 11, 1979. *Original authority: 409.413, RSMo 1967.