Takeover Tactics and Public Policy: Hearings Before the Subcommittee on Telecommunications, Consumer Protection, and Finance of the Committee on Energy and Commerce, House of Representatives, Ninety-eighth Congress, Second Session, on H.R. 2371, H.R. 5250, H.R. 5693, H.R. 5694, H.R. 5696, and H.R. 5696 ... March 28 and May 23, 1984, Part 2U.S. Government Printing Office, 1984 - Investments, Foreign |
From inside the book
Results 1-5 of 100
Page 7
... federal takeover regulation should not preempt or override state corporation law . Essentially the business judgment rule should continue to govern most such activity . State Regulation of Public Interest Businesses . Federal takeover ...
... federal takeover regulation should not preempt or override state corporation law . Essentially the business judgment rule should continue to govern most such activity . State Regulation of Public Interest Businesses . Federal takeover ...
Page 10
... federal law provide for state law- type appraisal rights . All shareholders whose shares are purchased in a tender ofter should be entitled to the highest per share price paid in the offer . Current prohibitions of the purchase by a ...
... federal law provide for state law- type appraisal rights . All shareholders whose shares are purchased in a tender ofter should be entitled to the highest per share price paid in the offer . Current prohibitions of the purchase by a ...
Page 16
... federal law should preempt state law in regulating takeovers . Existing federal law in this area preempts only those state laws which purport to regulate the aspects of a tender offer which are regulated by the Williams Act , e.g. ...
... federal law should preempt state law in regulating takeovers . Existing federal law in this area preempts only those state laws which purport to regulate the aspects of a tender offer which are regulated by the Williams Act , e.g. ...
Page 17
... federal interest . I note with considerable disappointment the ill - considered language in Recommendation 34 which declared : State law and regulations regardless of their form , that restrict the ability of a company to make a tender ...
... federal interest . I note with considerable disappointment the ill - considered language in Recommendation 34 which declared : State law and regulations regardless of their form , that restrict the ability of a company to make a tender ...
Page 21
... law under preemptive pressure in pro- viding that federal takeover regulation should not preempt state corporation law except to the extent necessary to eliminate abuses or interference with the intended functioning of federal takeover ...
... law under preemptive pressure in pro- viding that federal takeover regulation should not preempt state corporation law except to the extent necessary to eliminate abuses or interference with the intended functioning of federal takeover ...
Other editions - View all
Common terms and phrases
abuses acquiring acquiror advisory vote agree amended assets believe bidder business combination business judgment rule capital cash change of control Commerce Clause Committee on Tender concern Congress Consumer Protection control share acquisition corporate law corporate takeovers Court decision defensive tactics disclosure economic effect equity securities Exchange Act fair federal law federal regulation golden parachutes greenmail holders Honorable Timothy hostile tender offer insurance companies interested shareholder investment investors issuer issues legislation letter McCarran-Ferguson Act merger minimum offering period Mite NAIC NASAA offeror Ohio person preemption prohibit proposed Protection and Finance provisions proxy public interest purchase regulation of tender regulatory repurchase Schedule 13D SEC Advisory Committee Section shareholder approval shareholder vote specific statement statutes Subcommittee on Telecommunications supermajority takeover bid takeover regulation target company target corporation tender offer regulation Texaco Timothy E tion transactions U.S. House U.S. Supreme Court Williams Act Wirth Chairman