Minnesota § 80B.06 LIMITATIONS ON OFFERORS

Minnesota Statutes

§ 80B.06 — LIMITATIONS ON OFFERORS

Minnesota § 80B.06

PartCOMMERCIAL REGULATIONS

Ch. 80BCORPORATE TAKEOVERS

This text of Minnesota § 80B.06 (LIMITATIONS ON OFFERORS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 80B.06 (2026).

Text

Subdivision 1.Uniformity of terms. No offeror may make a takeover offer which is not made to stockholders in this state on substantially the same terms as the offer is made to stockholders outside this state. Subd. 2.Right to withdraw equity securities. An offeror shall provide that any equity securities of a target company deposited or tendered pursuant to a takeover offer may be withdrawn by or on behalf of any offeree at any time within seven days from the date the offer has become effective under sections80B.01to80B.13and after 60 days from the date the offer has become effective under sections80B.01to80B.13, except as the commissioner may otherwise prescribe by rule or order for the protection of investors. Subd.

3.[Repealed,1Sp1985 c 5 s 20] Subd.

4.[Repealed,1Sp1985 c 5 s 20]

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Subdivision 1.Uniformity of terms.
No offeror may make a takeover offer which is not made to stockholders in this state on substantially the same terms as the offer is made to stockholders outside this state.

Subd. 2.Right to withdraw equity securities.
An offeror shall provide that any equity securities of a target company deposited or tendered pursuant to a takeover offer may be withdrawn by or on behalf of any offeree at any time within seven days from the date the offer has become effective under sections80B.01to80B.13and after 60 days from the date the offer has become effective under sections80B.01to80B.13, except as the commissioner may otherwise prescribe by rule or order for the protection of investors.

Subd. 3.
[Repealed,1Sp1985 c 5 s 20]

Subd. 4.
[Repealed,1Sp1985 c 5 s 20]

Subd. 5.Affect of allegations of securities-related violations.
No offeror may make a takeover offer or acquire any equity securities in this state pursuant to the takeover offer, at any time when any proceeding by the commissioner is pending against the offeror alleging a violation of any provision of sections80B.01to80B.13or chapter 80A.

Subd. 6.
[Repealed,1Sp1985 c 5 s 20]

Subd. 7.
[Repealed,1991 c 58 s 16]