Describe the significance of the Williams Act
What will be an ideal response?
In the United States, the Williams Act attempts to put the contestants on a level playing field by authorizing the Securities and Exchange Commission (SEC) to issue rules governing tender offers for securities of companies registered under the Securities Exchange Act of 1934 . The Williams Act and the SEC's rules require an offeror to disclose information about his finances and his reasons for attempting a takeover either before or at the time he announces his offer, and the target's management must be given time to circulate its views on the proposal. The offer must be kept open for a minimum period, and if the offer is for less than all of a target's shares, it may not be accepted on a "first-come, first-served" basis. An oversubscribed offer must be allocated among tendering subscribers on a pro rata basis. Also, subscribers may withdraw the shares they have tendered within specified time limits. Finally, anyone who acquires more than 5 percent of a publicly traded company's equity securities must disclose his holdings within ten days after the acquisition.
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Multiple regression may be used to forecast both trend and seasonal components present in a time series
Indicate whether the statement is true or false
To be effective, techniques and tools must both be consistent with an organization's systems development methodology
Indicate whether the statement is true or false
The balance sheet of Tech Track reports total assets of $400,000 and $600,000 at the beginning and end of the year, respectively. Sales revenue for the year is $1,000,000 ($800,000 in the previous year), net income is $40,000, and net cash flows from operating activities are $50,000. How does Tech Track's asset turnover compare to the industry average of 2.0 times?
A. Worse. B. Better. C. Same as. D. Cannot be determined with the data provided.
Which of the following statements is true concerning vacation home properties?
A. A property rented for 15 days or more and used for personal use for no more than 14 days is categorized as primarily rental. B. A property rented for 15 days or more and used for personal use for more than 14 days is categorized as primarily personal. C. Report all income and expenses for a personal/rental property and the net amount reported may be either net income or net loss. D. A property categorized as primarily personal is one rented for zero days.