Information on companies going from public to private
July 5, 2012 6:50 AM Subscribe
When a company goes from public to private ownership do they have to file a form with the SEC that lists the major shareholders being bought out and the number of shares held by each? If so, how can I find that information on EDGAR?
To take a ridiculous example, if Microsoft were to go private and all the outstanding shares bought back, how would you find out how many shares Bill Gates, Steve Ballmer, et al held at the time of the sale? I understand that companies going private have to file a 13E3 but I'm having trouble finding this particular information in those filings. Thank you.
To take a ridiculous example, if Microsoft were to go private and all the outstanding shares bought back, how would you find out how many shares Bill Gates, Steve Ballmer, et al held at the time of the sale? I understand that companies going private have to file a 13E3 but I'm having trouble finding this particular information in those filings. Thank you.
Best answer: Greater than 5% holders, corporate insiders, and investment companies are required to file their holdings in public companies. If the insiders were taking it private their holdings at the time of the offer would be disclosed in the proxy and the deal memo.
posted by JPD at 7:03 AM on July 5, 2012 [1 favorite]
posted by JPD at 7:03 AM on July 5, 2012 [1 favorite]
Response by poster: The company's final proxy statement had exactly what I needed, thanks!
posted by otio at 9:29 AM on July 5, 2012
posted by otio at 9:29 AM on July 5, 2012
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posted by mullacc at 7:03 AM on July 5, 2012 [2 favorites]