Current through October 31, 2024
Section 800.1002 - Effect of determinations(a) A determination under § 800.1001(a) shall take effect immediately upon publication of a notice of such determination under § 800.1001(c) and remain in effect unless rescinded under § 800.1001(b) .(b) A rescission of a determination under § 800.1001(b) shall take effect on the date specified in the notice published under § 800.1001(c) .(c) A determination under § 800.1001(a) does not apply to any transaction for which a declaration or notice has been accepted by the Staff Chairperson under § 800.405(a)(1) or § 800.503(a) , respectively.(d) A rescission of a determination under § 800.1001(b) does not apply to any transaction for which:(1) The completion date is prior to the date upon which the rescission of a determination under paragraph (b) of this section becomes effective; or(2) The following has occurred before publication of the rescission of determination under § 800.1001(c) :(i) The parties to the transaction have executed a binding written agreement, or other binding document, establishing the material terms of the transaction that is ultimately consummated;(ii) A party has made a public offer to shareholders to buy shares of a U.S. business; or(iii) A shareholder has solicited proxies in connection with an election of the board of directors of a U.S. business or has requested the conversion of convertible voting securities.