Best-Price Rule - Rule 14D-10

Best-Price Rule - Rule 14D-10

An SEC regulation that stipulates that a tender offer is open to all security holders of that class of security and the amount paid to the security holder is the highest paid to any other holder of the same security.

Notes:

Having a premise similar to that of the all-holders rule, the best-price rule facilitates equality for shareholders and their tendered shares.

See also: All-Holders Rule, Hostile Takeover, SEC, Shareholder, Takeover, Tender Offer