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Frequently Asked Questions
  Do Nasdaq rules require shareholder approval if a transaction is priced below "book value"?
Identification Number 1649
While Nasdaq's shareholder approval rules previously considered book value in determining whether shareholder approval was required for certain transactions, this rule was changed, and book value is no longer considered, as of September 26, 2018. See SEC Release No. 34-84287; File No. SR-NASDAQ-2018-008 and FAQ #271.
 
Publication Date*: 10/16/2018 Mailto Link Identification Number: 1649
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