Three Tender-Offer Frameworks

What this video covers

• The third-party tender offer threshold: over 5% beneficial ownership after consummation, and why pre-existing shares count toward that total
• When the third-party rules apply versus when a mini-tender escapes them, and what universal rules still apply
• The 10-business-day deadline for a target board's Schedule 14D-9 response to a third-party offer
• The four consequence triggers for a going-private transaction: below 300 holders, termination of reporting, suspension of reporting, and delisting
• Why the 300-holder threshold is the exit door for going-private, and how the 2,000-holder registration threshold is a distinct gate for entry
• The issuer self-tender's 40-business-day withdrawal-revival period versus the third party's 60-calendar-day period
• Why an issuer self-tender that takes a company private requires filing BOTH the issuer tender offer form and Schedule 13E-3, not one or the other