Individual decision · SEC · 9 Apr 2024
The Securities and Exchange Commission granted exemptions from Section 14(d)(5) of the Exchange Act and Rules 14d-4(d)(2)(ii), 14d-7, 14d-11(c), (d) and (e), 14e-1(b) and (d), and 14e-5 to Novartis AG and Novartis BidCo AG. This order applies to the transaction described in their April 8, 2024 letter. The exemptions are granted subject to the terms and conditions set forth in the Division of Corporation Finance letter dated April 9, 2024.
UNITED STATES OF AMERICA
BEFORE THE
SECURITIES AND EXCHANGE COMMISSION
April 9, 2024
In the Matter of MorphoSys AG
ORDER GRANTING EXEMPTIONS FROM
SECTION 14(D)(5) OF THE EXCHANGE ACT
AND EXCHANGE ACT RULES 14D4(D)(2)(ii), 14D-7, 14D-11(C), (D) AND (E), 14E-1(B) AND (D) AND 14E-5 Novartis AG and Novartis BidCo AG submitted a letter dated April 8, 2024, requesting that the Securities and Exchange Commission (“Commission”) grant exemptionsfrom Section 14(d)(5) of the Exchange Act and Exchange Act Rules 14d-4(d)(2)(ii), 14d-7, 14d-11(c), (d) and (e), 14e1(b) and (d) and 14e-5 for the transaction described in its letter (“Request”). Based on the representations and the facts presented in the Request, and subject to the terms and conditions described in the letter from the Division of Corporation Finance dated April 9, 2024, it is ORDERED that the request for exemptions from Exchange Act Section 14(d)(5) and Exchange Act Rules 14d-4(d)(2)(ii), 14d-7, 14d-11(c), (d) and (e), 14e-1(b) and (d) and 14e-5 is hereby granted. For the Commission, by the Division of Corporation Finance, pursuant to delegated authority. Tiffany Posil Chief, Office of Mergers and Acquisitions Division of Corporation Finance
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