Going Private Transaction

Definition:

From the perspective of the SEC, situations where either the issuer of a security or one of its Affiliates purchases the shares. In order for a transaction to be considered as “going private,” it must satisfy the criteria set out in Rule 13e-3. The transaction may also be subject to court scrutiny under the Entire Fairness Test (i.e., whether or not it is fair to Non-Affiliate holders of the issuer’s securities).

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