Canada:
Canadian Corporation Receives U.S. Tender Offer Relief
09 September 2018
Cadwalader, Wickersham & Taft LLP
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The SEC Division of Corporate Finance provided relief permitting Thomson Reuters
Corporation, a Canadian entity, to conduct a "modified Dutch
auction" tender offer in the United States without compliance
with
Exchange Act Section 13(e)(1) and
Rule 13e-4. The tender offer will be conducted pursuant to
Canadian statutory requirements. The Ontario Securities Commission
granted Thomson Reuters Corporation relief to be exempt from
certain Canadian law requirements and the SEC accepted the Canadian
procedures.
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guide to the subject matter. Specialist advice should be sought
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