A bill concerning hostile takeover attempts.

Summary

Prohibits the Securities and Exchange Commission from promulgating or enforcing any rule that: (1) requires that tender offers made by an issuer for its own shares be made to all of its shareholders; or (2) otherwise negates the decision of the Delaware Supreme Court in Unocal Corporation against Mesa Petroleum Company.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 24 September 1985

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 24 September 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 24 September 1985

  Open at official source

Sponsors

• Sen. Specter, Arlen [R-PA] · R · Sponsor
• · ssbk00 · Standing

Related records

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