The purpose of the 1968 Williams Act was to
A) Give target firm shareholders time to review takeover proposals
B) Prosecute target firm shareholders who misuse information
C) Protect target firm employees from layoffs
D) Prevent tender offers
E) Promote tender offers

Question

Quizplus · Accepted Answer

The 1968 Williams Act, officially known as the Securities Exchange Act Amendments, primarily aimed to give target firm shareholders time to review takeover proposals by requiring bidders to disclose their intentions and plans to the Securities and Exchange Commission and to the target firm. The act also aimed to prevent fraudulent and unfair practices in the market. Therefore, the correct answer is A.

The Purpose of the 1968 Williams Act Was to