US tender offer rules allow certain accommodations for companies that are not domestic US companies, even if those companies are listed in the US. These accommodations are significant for acquirers and targets because the US tender offer rules can sometimes conflict with the rules governing tender offers in the target company’s home jurisdiction.

Peter Castellon discuss the US tender offer rules that apply in a tender offer for the shares of a UK company with shares listed on a US exchange with PLC Magazine.

This article first appeared in the August 2024 issue of PLC Magazine and is online here.