Regulatory Alerts2002-08-22 | RG-025RG 25 Takeovers: False and misleading statements
The regulator issued Regulatory Guide 25 to provide guidance to market participants, including bidders, targets, and substantial holders, regarding public statements made during takeover bids. The document addresses the principle of 'truth in takeovers' by identifying statements commonly made in this context that may be misleading or deceptive. It serves as a compliance resource to help entities avoid making false or misleading representations while conducting takeover activities.
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