StacksVerified U.S. regulatory reference

17 CFR §240.14d-11

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
A bidder may elect to provide a subsequent offering period of at least three business days during which tenders will be accepted if:
  1. (a)The initial offering period of at least 20 business days has expired;
  2. (b)The offer is for all outstanding securities of the class that is the subject of the tender offer, and if the bidder is offering security holders a choice of different forms of consideration, there is no ceiling on any form of consideration offered;
  3. (c)The bidder immediately accepts and promptly pays for all securities tendered during the initial offering period;
  4. (d)The bidder announces the results of the tender offer, including the approximate number and percentage of securities deposited to date, no later than 9:00 a.m. Eastern time on the next business day after the expiration date of the initial offering period and immediately begins the subsequent offering period;
  5. (e)The bidder immediately accepts and promptly pays for all securities as they are tendered during the subsequent offering period; and
  6. (f)The bidder offers the same form and amount of consideration to security holders in both the initial and the subsequent offering period.