{"data":{"id":"us/17-cfr-240.14d-11","jurisdiction":"us","citation":"17 CFR 240.14d-11","heading":"d-11 Subsequent offering period.","body":"A bidder may elect to provide a subsequent offering period of at least three business days during which tenders will be accepted if:\n(a) The initial offering period of at least 20 business days has expired;\n(b) The offer is for all outstanding securities of the class that is the subject of the tender offer, and if the bidder is offering security holders a choice of different forms of consideration, there is no ceiling on any form of consideration offered;\n(c) The bidder immediately accepts and promptly pays for all securities tendered during the initial offering period;\n(d) The bidder announces the results of the tender offer, including the approximate number and percentage of securities deposited to date, no later than 9:00 a.m. Eastern time on the next business day after the expiration date of the initial offering period and immediately begins the subsequent offering period;\n(e) The bidder immediately accepts and promptly pays for all securities as they are tendered during the subsequent offering period; and\n(f) The bidder offers the same form and amount of consideration to security holders in both the initial and the subsequent offering period.\nNote to § 240.14d-11:\nNo withdrawal rights apply during the subsequent offering period in accordance with § 240.14d-7(a)(2).","path":["Title 17—Commodity and Securities Exchanges","CHAPTER II—SECURITIES AND EXCHANGE COMMISSION","PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-17.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:31Z","sha256":"7234e35695d72a2e132a028005a4b742a3501370a3572af6d33161453d047c17","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-240.14d-10","next":"us/17-cfr-240.14d-100"},"notice":"GroundRules: Original legal text. Not legal advice."}