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. Rather, it provides regulations and requirements for firms seeking to acquire a certain percentage of a public company's shares through tender offers or other means. The other statements are true - the Williams Act consists of amendments to the Securities Exchange Act, requires the filing of a 13(d) for investors acquiring 5% or more of a public company, and requires the filing of a 14(d)-1 for firms undertaking tender offers. Acquiring firms initiating tender offers must also disclose their intentions and business plans.

All of the Following Are True of the Williams Act