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If after the acquisition, the acquiring person holds less than 10% of the voting securities of the issuer and a management position with the issuer, is this exempt under § 802.9?

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If after the acquisition, the acquiring person holds less than 10% of the voting securities of the issuer and a management position with the issuer, is this exempt under § 802.9?

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No, not if the management position is an officer or director of the company.

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