Schedule 14D-9

DEFINITION of 'Schedule 14D-9'

This schedule must be filed with the SEC when an interested party such as an issuer, a beneficial owner of securities or a representative of either, makes a solicitation or recommendation statement to the shareholders with respect to a tender offer which is pursuant to Section 14(d)(4) of the 1934 Securities Exchange Act.

BREAKING DOWN 'Schedule 14D-9'

A tender offer is a public offer to buy some or all of the shares in a corporation from the existing shareholders. The tender offer can be made in the form of cash or in the form of an exchange into other securities.

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RELATED FAQS
  1. Why would I want to accept a tender offer from a stock company?

    I received a tender offer from a company that bought into another company. They are going public with the new company soon. ... Read Answer >>
  2. What happens to the shares of stock purchased in a tender offer?

    Learn what a tender offer is, whether it is a good idea to accept a tender offer and what happens to the shares of stock ... Read Answer >>
  3. What usually happens to the price of a stock when a tender offer for shares of the ...

    Learn what happens to the price of a stock when a tender offer is made public. Some of the most contentious takeovers have ... Read Answer >>
  4. If a company offers a buyback of its shares, how do I decide whether to accept the ...

    Learn why it may often be in the best interest of a shareholder to accept a tender offer made at a premium to the market ... Read Answer >>
  5. If I reject the tender offer for acquisition of the stock that I own in a company ...

    Since the passing of the Sarbanes-Oxley Act, a significant number of public companies have chosen to go private. The reasons ... Read Answer >>
  6. Why does executive compensation facilitate when a company buys back its stock?

    Learn about how companies use stock buybacks in order to facilitate executive compensation and why the practice is very controversial. Read Answer >>
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