SEC permits certain equity tender offers to remain open for 10 business days

On April 16, 2026, the Division of Corporation Finance of the US Securities and Exchange Commission issued an exemptive order permitting certain tender offers for equity securities to remain open for a minimum of 10 business days rather than the 20 business days required under Rules 13e-4(f)(1)(i) and 14e-1(a). The order applies to tender offers for equity securities of both reporting and non-reporting companies and establishes a framework which qualifying offerors may rely on for relief without... By: White & Case LLP