Check the subject company's statement against Schedule 14D-9 and the ten-business-day position
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Against Rule 14e-2, list whether the draft discloses that the subject company recommends acceptance or rejection, expresses no opinion and is remaining neutral, or is unable to take a position, and whether it states the reasons. Against Rule 14d-9(d), list whether the draft includes the name of the person making the solicitation or recommendation and the information required by Items 1 through 8 of Schedule 14D-9, or a fair and adequate summary. Do not write the statement.
- What the lawyer must review
- The lawyer decides what these rules require in this offer. Rule 14e-2 requires the subject company, no later than 10 business days from the date the tender offer is first published or sent or given, to publish, send or give security holders that position, with the reasons. Rule 14d-9(b) requires a person described in paragraph (e) who solicits or recommends after commencement to file a Schedule 14D-9 as soon as practicable on the date the solicitation or recommendation is first published, sent or given. If that person is the subject company or an affiliate, paragraph (b)(2) adds delivery to the bidder. A material change is amended under Rule 14d-9(c).
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes preparing preliminary structure or wording and assembling provisional schedules. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Open each relied-on authority independently. Confirm its existence, current status, proposition and any quotation or pinpoint reference.
- Calculate operative dates independently from the current rule and actual triggering event. Check exceptions and record the verified deadline.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.