RegAlert2007-01-22
Added · Updated
SEC no-action letter: Areva S.A. exemption from Rule 14e-5
The SEC grants Areva S.A. and its affiliates an exemption from Rule 14e-5 under the Securities Exchange Act of 1934, permitting them to purchase or arrange to purchase shares of REpower Systems AG outside the tender offer. This relief is conditional upon no purchases being made in the United States, prominent disclosure in the Offer Document, and specific reporting obligations including daily time-sequenced schedules of purchases provided to the Division of Market Regulation upon request. The exemption applies to Prospective Purchasers acting under the German Securities Acquisition and Takeover Act, requiring compliance with German laws and retention of records for at least two years.
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[Seal of the Securities and Exchange Commission]
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
DIVISION OF
MARKET REGULATION
January 22, 2007
Ms. Sarah Murphy
Freshfields Bruckhaus Deringer
65 Fleet Street
London EC4Y 1HS
United Kingdom
Re: Possible Cash Offer by Areva S.A. for REpower Systems AG File No. TP 07-28
Dear Ms. Murphy:
This is in response to your letter dated January 22, 2007. A copy of that letter is attached with this response. By including a copy of your correspondence, we avoid having to repeat or summarize the facts you presented. The defined terms in this letter have the same meaning as in your letter, unless otherwise noted.
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SEC published 7 documents in the last 30 days. We email you each new one the day it's published.