Okla. Admin. Code § 660:15-3-3

Current through Vol. 42, No. 8, January 2, 2025

Section 660:15-3-3 - Summary suspension of take-over offer

(a) Pursuant to subsection D of Section 453 of the Take-over Act, the Administrator may summarily suspend the effectiveness of a take-over offer. Such an action shall be based solely upon a determination that:

(1) the registration statement required to be filed under Section 453 of the Take-over Act does not contain all the information required to be included under subsection F of Section 453 of the Take-over Act; or

(2) the take-over materials provided to offerees do not provide full disclosure to offerees of all material information concerning the take-over offer.

(b) The summary suspension shall be in effect only until a final determination is made by the Administrator following the hearing held pursuant to subsection E of Section 453 of the Take-over Act and in accordance with 660:15-3-4.

Okla. Admin. Code § 660:15-3-3