Guest JoeM Posted July 7, 2004 Posted July 7, 2004 A Company with an ESOP wants to redeem all of the ESOP's stock and also all the stock held by 17 outside shareholders. The total redemption will be less than $5,000,000. Is there an exemption that applies?
Kirk Maldonado Posted July 8, 2004 Posted July 8, 2004 That is a a very fact specific determination, requiring an analysis of both federal and state laws. You need to retain an ESOP attorney that also understands the applicable securities laws. My experience is that most (pure) securities lawyers won't be of much help in this situation. Kirk Maldonado
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