Series 82: Prospectus Delivery For Mergers

Prospectus Delivery for Mergers

The SEC deems that a transaction whose approval requires a shareholder vote (such as some mergers) or shareholder consent constitutes an “offer” requiring the delivery of a prospectus. Delivery must be made either prior to the shareholder vote or, if actions are taken by consent, prior to the earliest date in which the action may be taken.

SEC Rule 153A