17. Taking a Company Private

  1. Steven M. Bragg

Published Online: 13 DEC 2011

DOI: 10.1002/9781118268391.ch17

The New CEO Corporate Leadership Manual: Strategic and Analytical Tools for Growth

The New CEO Corporate Leadership Manual: Strategic and Analytical Tools for Growth

How to Cite

Bragg, S. M. (2011) Taking a Company Private, in The New CEO Corporate Leadership Manual: Strategic and Analytical Tools for Growth, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118268391.ch17

Publication History

  1. Published Online: 13 DEC 2011
  2. Published Print: 11 JUL 2011

ISBN Information

Print ISBN: 9780470912874

Online ISBN: 9781118268391

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Keywords:

  • company plans;
  • liability;
  • public trading;
  • Securities and Exchange Commission (SEC)

Summary

Many companies find that the cost and liability of operating a publicly owned business is not worth the hassle and elect to remove themselves from public trading. Doing this involves the filing of a schedule with the Securities and Exchange Commission (SEC) and management of the number of shareholders is described in this chapter. If a publicly held company wishes to go private, it must disclose information that is itemized under the SEC’s Rule 13e-3, which is located in the Securities Exchange Act of 1934. This rule applies to situations where a company plans to buy back its securities, as discussed in the chapter.

Controlled Vocabulary Terms

Private sector; U.S. Securities and exchange commission