SEC Staff Releases Revised Interpretations on Rule 13e-3

The SEC's Division of Corporation Finance posted on the SEC website Compliance and Disclosure Interpretations (“C&DIs”) that comprise the Division’s interpretations of Exchange Act Rule 13e-3 as it applies to “going private” transactions and related Schedule 13E-3. These C&DIs replace the Rule 13e-3 and Schedule 13E-3 interpretations in the July 1997 Manual of Publicly Available Telephone Interpretations, the July 2001 Interim Supplement to the Manual of Publicly Available Telephone Interpretations and the November 2000 Current Issues and Rulemaking Projects Outline. Some of these C&DIs were originally published in the sources noted above and have been revised in some cases.