The new options will vest in six months. Amazon had no comment. Securities lawyers argue that the tender-offer rules weren't designed for option repricings, which are set up to help employees and shareholders. They object to delays and the added expense of complying with the rules. For instance, the SEC required amendments to Lante's Dec. 21 filing, causing delays that have prevented the company from completing the option exchange as yet.
Critics point to another disadvantage of tender-offer rules.
The rules, under the Williams Act, were originally intended to prevent corporate raiders from quietly amassing big stock holdings and selectively offering to buy only a certain percentage of shares outstanding as part of takeovers. The tender-offer process requires a purchaser to file a lengthy document explaining the transaction and slows the process. Sponsored links May 2 is Global Speech Day. Welcome to the digital generation. Symantec Enterprise Security-Network protected Threats neutralized Calm restored.