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SEC tightens rules on activist investors amid Musk-Twitter investigation

Por: MarketWatch Politics October 10, 2023

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The SEC simultaneously issued guidance that clarifies that derivatives which provide investors with significant economic interest in a company, or which have certain conversion features, will count toward the 5% calculation. The change was aimed to protect investors who would otherwise be unaware that an activist investor is building up a significant position in a company, which could greatly affect the value of their stock holdings. The... + full article



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