Definition of Best-Price Rule (Rule 14D-10)
Best-price rule (Rule 14D-10) is a regulation by the Securities and Exchange Commission (SEC) that stipulates that consideration offered to any security holder in a tender offer must be equal to the highest consideration paid to any other security holder. The best-price rule is meant to provide equal treatment to all holders of securities in a tender offer.
Understanding Best-Price Rule (Rule 14D-10)
