SEC Eyes Extension for Tender Offer Schedule 14D-9 Rules
Published Date: 9/14/2026
Notice
Summary
No summary available.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Big time and cost burden for filers
Companies that file Schedule 14D-9 are estimated to file once per year by about 54 respondents. Each filing is estimated to take 65.14 hours, for a total annual reporting burden of 3,518 hours, and the SEC estimates a cost burden of $117,252 per response and $6,331,608 in total costs annually.
Schedule 14D-9 is public on EDGAR
Schedule 14D-9 filings are mandatory and are publicly available on the SEC's EDGAR system so security holders can use the information to decide how to respond to tender offers.
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