New Jersey § 49:5-9
Full text of New Jersey New Jersey Statutes § 49:5-9, with citation guidance and answers to common questions.
§ 49:5-9.
a. An offer 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or tendered pursuant to a takeover offer may be withdrawn by or on behalf of any offeree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 up to the third day prior to the announced termination date, except as
the bureau chief may otherwise prescribe by rule or order for the protection of the
offerees. b. If an offeror makes a takeover offer for less than all the outstanding equity securities
of any class, and if the number of securities deposited or tendered pursuant thereto
is greater than the number the offeror has offered to accept and pay for, the securities
shall be accepted pro rata, disregarding fractions, according to the number of securities
deposited or tendered by each offeree. c. If an offeror varies the term of a takeover offer before its expiration date by
increasing the consideration offered to the offerees, the offeror shall pay the increased
consideration for all equity securities accepted, whether the securities have been
accepted by the offeror before or after the variation in the terms of the offer. d. No offeror shall make a takeover offer at any time when an administrative or injunctive
proceeding has been brought by the bureau chief against the offeror for violation
of this chapter that has not been finally determined. e. An offeror may not make a takeover offer involving a target company which is not
made to the owners of equity securities of the target company who are residents of
this State.
Frequently Asked Questions About New Jersey § 49:5-9
What does New Jersey Statutes § 49:5-9 cover?
Section 49:5-9 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 49:5-9?
A common citation format is "New Jersey Statutes § 49:5-9" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 49:5-9 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.