Going private

A transaction that moves a public company toward private ownership. The ownership arrangements, delisting, deregistration and cessation of public reporting are distinct matters governed by the transaction and applicable rules.

Also called Take-private, Taking a company private

Going private in practice

Hypothetical: an acquisition group completes a take-private under the required approvals and procedures. Some investors may roll over or retain minority interests. Trading and reporting changes follow the applicable process rather than automatically occurring on the next business day.

Source: SEC: Going Private Transactions, Rule13e-3 and Schedule13E-3.

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