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[T014]

tender offer defense expense insurance

Protection to reimburse a corporation for expenses incurred such as legal, investment advisory, communications, accounting, and similar types of expenses, in successfully resisting an attempt to assume its ownership or control by a stock tender offer. Corporations eligible are those whose stock is either traded on public exchanges or which are registered under Section 12 of the Securities Exchange Act of 1934.

Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100

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