All of the following are true of the Williams Act except for
A) Consists of a series of amendments to the 1934 Securities Exchange Act
B) Facilitates rapid takeovers over target companies
C) Requires investors acquiring 5% or more of a public company to file a 13(d) with the SEC
D) Firms undertaking tender offers are required to file a 14(d)-1 with the SEC
E) Acquiring firms initiating tender offers must disclose their intentions and business plans

Question

Quizplus · Accepted Answer

The Williams Act does not facilitate rapid takeovers over target companies; in fact, it provides certain protections for target company shareholders, such as requiring acquiring firms to disclose their intentions and business plans. The Williams Act consists of a series of amendments to the 1934 Securities Exchange Act, requires investors acquiring 5% or more of a public company to file a 13(d) with the SEC, and requires firms undertaking tender offers to file a 14(d)-1 with the SEC.

All of the Following Are True of the Williams Act