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Series 79: M&A, Tender Offers & Restructuring
Series 79 practice questionhardGoing-Private Transactions

In a going-private transaction involving affiliates, which SEC rule requires enhanced disclosure and procedural fairness, including a summary of the fairness opinion and board approval process?

  1. ARule 144
  2. BRegulation M-A
  3. CRule 13d-3
  4. DRule 13e-3✓ Correct answer
Explanation

Why DRule 13e-3

Rule 13e-3 mandates comprehensive disclosure and fairness analysis for going-private transactions involving affiliates, protecting minority shareholders. Confusing it with general M&A rules is a common error.

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