A bill to amend the Securities Exchange Act of 1934 to prohibit acquisitions of corporate control except by means of tender offers for all outstanding shares, and for other purposes.

openUnited States· United States Congress· EN

Introduced

22 May 1984

Last action

—

Status

For Further Action See H.R.5693.

Summary

Amends the Securities Exchange Act of 1934 to make it unlawful for any person to acquire or agree to acquire, except by a tender or exchange offer, any shares of any class of voting equity securities of a registered corporation if such person would then be, directly or indirectly, entitled to cast ten percent or more of the votes in an election of directors of the issuer. Specifies exceptions to such prohibition.

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Documents

1 official file

Introduced in House
summary · EN · 22 May 1984
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/house-bill/5694
Open data entity: https://api.congress.gov/v3/bill/98/hr/5694