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.

referredUnited States· United States Congress· EN

Introduced

21 June 1984

Last action

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Status

Read twice and referred to the Committee on Banking.

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 Senate
summary · EN · 21 June 1984
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/senate-bill/2783
Open data entity: https://api.congress.gov/v3/bill/98/s/2783