The SEC Division of Corporation Finance granted an exemption to Israeli-based corporation Metalink Ltd. from Exchange Act Rule 13e-4(f)(2)(I). Generally, Rule 13e-4 requires an issuer making a tender offer to permit shareholders to withdraw securities tendered at any time during the offer period. The exemption will allow Metalink to extend the period of its issuer tender offer by four days during which withdrawal rights will not be available to shareholders, consistent with applicable Israeli law. The SEC has granted similar exemptions in the past.
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