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← Series 79: M&A, Tender Offers & Restructuring
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?

  1. AThe issuer and all affiliates involved in the transaction✓ Correct answer
  2. BOnly the issuer's management
  3. COnly the financial advisor
  4. 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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