Key Benefits Of A 2-Step Acquisition

Law360, New York (March 11, 2014, 2:51 PM EDT) -- The main advantage of a two-step acquisition is speed of execution. The one-step merger is a slow-moving process, with each step in the process taken in order.

In an all-cash one-step merger, a preliminary proxy statement is filed with the U.S. Securities and Exchange Commission within two to three weeks of announcing the transaction. If the SEC decides to comment on the proxy statement, the SEC typically delivers its initial comments within approximately one month after filing. Once the proxy statement is cleared by the SEC...
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