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Schedule 14D-9F
Practical Law Glossary Item 3-569-3990 (Approx. 2 pages)
Glossary
Schedule 14D-9F
Schedule 14D-9F is a solicitation/recommendation statement used by certain Canadian companies and their directors and officers in connection with tender offers or exchange offers for the securities of such companies that qualify for the multijurisdictional disclosure system set up between the Securities and Exchange Commission (SEC) and the provincial securities regulators in Canada. Schedule 14D-9F acts as a wraparound for the relevant Canadian tender offer documents.
A company, director or officer may use Schedule 14D-9F if:
- The issuer (target) of the securities that are the subject of the tender or exchange offer (subject securities) is incorporated or organized under the laws of Canada or any Canadian province or territory.
- The target is a foreign private issuer.
- The tender or exchange offer for the subject securities was filed with the SEC on Schedule 14D-1F.
- It/he/she complies with the requirements of any Canadian federal, provincial and/or territorial law, regulation or policy relating to a recommendation by the target's board of directors, or any director or officer of the target, with respect to the tender or exchange offer.