The Securities and Exchange Commission will significantly alter guidance regarding mergers & acquisitions made by public companies for the first time since the rules were created 30 years ago.
The new rules will reduce audit and financial reporting requirements for both registrants and target companies in an effort to streamline the process, improve access to capital, make “more meaningful determinations of whether a subsidiary or an acquired or disposed business is significant, ” and remove “the complexity and costs to prepare the disclosure,” according to the SEC.
