Series 79 practice questionmediumGoing-Private Transactions
Which party is responsible for filing the Rule 13e-3 going-private transaction statement when an issuer is taken private by its management?
- AThe issuer and all affiliates involved in the transaction✓ Correct answer
- BOnly the issuer's management
- COnly the financial advisor
- DOnly the issuer's independent directors
Explanation
Why A — The issuer and all affiliates involved in the transaction
All parties, including the issuer and affiliates, must file the Rule 13e-3 statement. Trap answers wrongly limit the responsibility to a single group or individual.
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