Extract to table

The deadline for exercising the 90-day extension to March 31, 2022 is imminent — the extension must be exercised on or before December 31, 2021, which is 16 days from the date of this memorandum

Any relaunch of the Offer must carefully address the mechanics of the Rights Plan

The SEC staff has not, to our knowledge, taken a position that a dormant tender offer must be affirmatively terminated within any particular timeframe

The following obligations remain in effect and must be monitored: Schedule TO

Rule 14d-6(c) under the Exchange Act provides that if a material change occurs in the information set forth in the Schedule TO, the bidder must promptly disclose the change in an amendment

The extension must be exercised on or before December 31, 2021