05/11/2010 06:00 p.m. - 07:30 p.m. EDT
Capital Markets, Corporate, and Private Placements + PIPEs
Morrison & Foerster1290 Avenue of the AmericasNew York, NY 10104 Morrison & Foerster425 Market StreetSan Francisco, CA 94105
The presentation will be hosted in New York and videoconferenced in San Francisco.
Most people refer to it simply as the “20% Rule.” Many people who appreciate that it is important are unfamiliar with it. Each of NASDAQ and the NYSE has a 20% rule that provides that a listed company is required to obtain shareholder approval in connection with certain transactions. The rule affects, among other things, the structuring of private placements and PIPE transactions, financings in connection with an acquisition, financings that may result in a change of control, and financings involving related parties. We will discuss common structuring approaches, as well as new guidance or interpretive advice from the exchanges.
CLE credit is pending.
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