SEC shortens tender offer windows for certain offerings

On April 16, 2026, the US Securities and Exchange Commission (SEC) Division of Corporation Finance (Division) issued exemptive relief relating to tender offers of equity securities that would shorten the minimum offering period from 20 business days to 10 business days if certain conditions are met (Relief). The Relief applies to tender offers for reporting companies made pursuant to Regulation 14D or Rule 13e-4 under the Securities Exchange Act of 1934 (Exchange Act), as well as to tender... By: Eversheds Sutherland (US) LLP