William A. Price, Attorney at Law
If a business transaction could result in foreign control of a US business, the US government has the power to review and take action if national security so requires. There is a process for voluntary pre-transaction submissions to the US government which is highly recommended, to avoid possible post-merger problems. This process involves a unit…
The Securities and Exchange Commission has issued a no-action letter which reaffirms that merger and acquisitions brokers do not have to register as broker-dealers where control of a privately held business transfers hands as a result of their efforts. The letter is available at: https://www.sec.gov/divisions/marketreg/mr-noaction/2014/ma-brokers-013114.pdf?utm_source=SEC+Issues+M%26A+Broker+No+Action+Letter+1-31-14&utm_campaign=SEC+MAB+NAL+-+2%2F3%2F14&utm_medium=email Practice tip: M&A includes facilitation of “mergers, acquisitions, business sales, and…