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, 1984U.S. Government Printing Office, 1984 - Investments, Foreign |
From inside the book
Results 1-5 of 100
Page 9
... holders will have proration and withdrawal rights should be the same length as the minimum offering period . 18 . The minimum offering period and prorationing period should not terminate tor five calendar days from the announcement of ...
... holders will have proration and withdrawal rights should be the same length as the minimum offering period . 18 . The minimum offering period and prorationing period should not terminate tor five calendar days from the announcement of ...
Page 13
... holders , and " majority of the disinterestel shareholders " approval requirements ) ; Standstill agreements . Current agreements with remaining lives longer than one year that restrict or prohibit purchases or sales of the company's ...
... holders , and " majority of the disinterestel shareholders " approval requirements ) ; Standstill agreements . Current agreements with remaining lives longer than one year that restrict or prohibit purchases or sales of the company's ...
Page 14
... holders should be requested to vote , on an advisory basis , as to whether the company should continue to provide change of control compen- sation to its management and employees . The board would not be obligated by the results of the ...
... holders should be requested to vote , on an advisory basis , as to whether the company should continue to provide change of control compen- sation to its management and employees . The board would not be obligated by the results of the ...
Page 15
... holder or group that has held such shares for less than two years should require shareholder approval . This rule would not apply to offers made to all holders of a class of securities . V. Regulation of Market Participants VI . 44 . 45 ...
... holder or group that has held such shares for less than two years should require shareholder approval . This rule would not apply to offers made to all holders of a class of securities . V. Regulation of Market Participants VI . 44 . 45 ...
Page 34
... holders are a diverse group situated throughout the United States and thus are involved in a national securities market . Notwithstanding , the objective of takeover regulation need not be limited only to the interests of shareholders ...
... holders are a diverse group situated throughout the United States and thus are involved in a national securities market . Notwithstanding , the objective of takeover regulation need not be limited only to the interests of shareholders ...
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
Popular passages
Page 282 - ... under common control with, the person specified. (b) Control. The term "control" (including the terms "controlling", "controlled by" and "under common control with") means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract...
Page 280 - associate" used to indicate a relationship with any person, means (1) any corporation or organization (other than the registrant or a majority-owned subsidiary of the registrant) of which such person is an officer or partner or is, directly or indirectly, the beneficial owner of 10 percent or more of any class of equity securities, (2) any trust or other estate in which such person has a substantial beneficial interest or as to which such person serves as trustee or in a similar fiduciary capacity...
Page 155 - No Act of Congress shall be construed to invalidate, impair, or supersede any law enacted by any State for the purpose of regulating the business of insurance...
Page 155 - The business of insurance, and every person engaged therein, shall be subject to the laws of the several States which relate to the regulation or taxation of such business.
Page 280 - affiliate' of, or a person 'affiliated' with, a specified person, is a person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the person specified. "(f) Control. The term 'control' (including the terms 'controlling,
Page 157 - ... has to liquidate the insurer, sell its assets or consolidate or merge it with any person, or to make any other material change in its business or corporate structure or management, are unfair and unreasonable to policyholders of the insurer and not in the public interest...
Page 431 - Suit to recover such profit may be instituted at law or in equity in any court of competent jurisdiction by the issuer, or by the owner of any security of the issuer in the name and in behalf of the issuer if the issuer shall fail or refuse to bring such suit within sixty days after request or shall fail diligently to prosecute the same thereafter; but no such suit shall be brought more than two years after the date such profit was realized.
Page 278 - ... shall have the right to examine, in person, or by agent or attorney, at any reasonable time or times, for any proper purpose, its books and records of account, minutes and record of shareholders and to make extracts therefrom.
Page 280 - ... or more of any class of equity securities, (2) any trust or other estate in which such person has a substantial beneficial interest or as to which such person serves as trustee or in a similar fiduciary capacity, and (3) any relative or spouse of such person, or any relative of such spouse. who has the same home as such person or who Is a director or officer of the bank or any of its parents or subsidiaries. (e) The term "charter...
Page 173 - Any plans or proposals which each acquiring party may have to liquidate such insurer, to sell its assets or merge or consolidate it with any person, or to make any other material change in its business or corporate structure or management. (5) The number of shares of any security referred to in subsection a.