16 CFR 801.32 - Conversion and acquisition.

Regulations last checked for updates: May 06, 2025

Title 16 - Commercial Practices last revised: Apr 23, 2025

View all text of Part 801 [§ 801.1 - § 801.90]

§ 801.32 - Conversion and acquisition.

A conversion is an acquisition within the meaning of the act.

Example:Assume that acquiring person “A” wishes to convert convertible voting securities of issuer X, and is to receive common stock of X valued in excess of $50 million (as adjusted). If “A” and “X” satisfy the criteria of Section 7A(a)(1) and Section 7A(a)(2)(B)(ii), then “A” and “X” must file notification and observe the waiting period before “A” completes the acquisition of the X common stock, unless exempted by Section 7A(c) or the regulations in this part. Since § 801.30 applies, the waiting period begins upon notification by “A,” and “X” must file notification within 15 days. [43 FR 33537, July 31, 1978, as amended at 66 FR 8690, Feb. 1, 2001; 70 FR 4992, Jan. 31, 2005]

authority: 15 U.S.C. 18a(d); 15 U.S.C. 18b.

source: 43 FR 33537, July 31, 1978, unless otherwise noted.

cite as: 16 CFR 801.32