---
title: "Check whether a security holder who has tendered can withdraw"
url: "https://ailawframework.com/practice/mergers-and-acquisitions-private-equity/check-whether-an-off-market-acceptance-can-be-withdrawn/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A2-TM20261022-16-US"
practice_area: "Mergers & Acquisitions / Private Equity"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Check whether a security holder who has tendered can withdraw

> Record whether the tender offer remains open, whether the lawyer has marked a subsequent offering period, and the date the holder asks to withdraw. Do not draft the withdrawal notice.

Canonical page: https://ailawframework.com/practice/mergers-and-acquisitions-private-equity/check-whether-an-off-market-acceptance-can-be-withdrawn/united-states  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Mergers & Acquisitions / Private Equity](https://ailawframework.com/practice/mergers-and-acquisitions-private-equity.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | Record whether the tender offer remains open, whether the lawyer has marked a subsequent offering period, and the date the holder asks to withdraw. Do not draft the withdrawal notice. |
| What the lawyer must review | The lawyer applies Rule 14d-7(a)(1): in addition to section 14(d)(5) of the Exchange Act, any person who has deposited securities pursuant to a tender offer has the right to withdraw those securities during the period the offer, request or invitation remains open. Paragraph (a)(2) says the bidder need not offer withdrawal rights during a subsequent offering period. The lawyer reads paragraph (b) on the notice of withdrawal before treating a withdrawal as effective. |
| Written for | United States |
| Applies to | [Check whether an off-market acceptance can be withdrawn](https://ailawframework.com/practice/mergers-and-acquisitions-private-equity/check-whether-an-off-market-acceptance-can-be-withdrawn.md) |

## Checking plan

- What the AI does: Record whether the tender offer remains open, whether the lawyer has marked a subsequent offering period, and the date the holder asks to withdraw. Do not draft the withdrawal notice.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- The withdrawal right runs while the offer remains open. It is not a one-month right that starts when a variation notice is received.
- Section 14(d)(5) is named in the rule and was not the text used for the length of the right. The lawyer reads it before relying on the rule alone.

## Sources

- [17 C.F.R. § 240.14d-7, Withdrawal rights](https://www.ecfr.gov/current/title-17/chapter-II/part-240/section-240.14d-7) (checked 2026-10-22)
- [17 C.F.R. § 240.14e-1, Unlawful tender offer practices](https://www.ecfr.gov/current/title-17/chapter-II/part-240/section-240.14e-1) (checked 2026-10-22)

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*