Edison International · SC TO-I filed November 20, 2025 · File No. 005-41447
Refer to the disclosure on page iii indicating that “[t]his Offer to Purchase and the documents it incorporates by reference contain "forward-looking statements" within the meaning of Private Securities Litigation Reform Act of 1995 and that "we are not obligated to publicly update or revise forward-looking statements." We remind you that the safe harbor protections for forward-looking statements contained in theRest of the question
federal securities laws do not apply to statements made in connection with a tender offer. See Section 21E(b)(2)(C) of the Exchange Act and Question 117.05 of the Going Private Transactions, Exchange Act Rule 13e-3 and Schedule 13E- 3 Compliance and Disclosure Interpretations (January 26, 2009) available at www.sec.gov. We also remind you of the registrant's obligations under Exchange Act Rule 13e-3(c)(2), (d)(2) and (e)(3). Please revise the aforementioned disclosure accordingly.
The disclosure has been revised on page iii and v in response to the Staff’s comment. Read in the reply ↗
A tender offer may be conditioned on a variety of events and circumstances if they are not within the direct or indirect control of the offeror. The conditions also must be drafted with sufficient specificity to allow for objective verification that the conditions have been satisfied. Refer to Question 101.01 of the Tender Offer Rules and Schedules Compliance and Disclosure Interpretations (March 17, 2023).Rest of the question
Please revise the following conditions so that they are objectively determinable. • “there shall have been threatened, instituted or pending any action or proceeding by any government or governmental, regulatory or administrative agency, authority or tribunal or any other person, domestic or foreign, before any court, authority, agency or tribunal that directly or indirectly challenges the making of the Offers, the acquisition of some or all of the Securities under the Offers or otherwise relates in any manner to the Offers...;” • “there shall have been any action threatened, instituted, pending or taken, or approval withheld, or any statute, rule, regulation, judgment, order or injunction threatened...;” and • “in the Company’s reasonable judgment, there has occurred any of the following...any significant changes in the prices for the Securities.”
The disclosure has been revised on page 11 in response to the Staff’s comment. Read in the reply ↗