Archman Stationeries is looking to takeover Linegraph Pens.In its bid to make a tender offer,it begins acquiring stock from Linegraph.While purchasing the shares,Archman realizes that the shares tendered are far too many in number.However,it illicitly does not purchase the shares on a pro rata basis.This is a violation as defined by the ________.

Question

Quizplus · Accepted Answer

The Williams Act regulates the acquisition of publicly traded companies in the United States, and one of its provisions requires that all shareholders be treated equally in the tender offer process. Archman Stationeries' failure to purchase shares on a pro rata basis would be a violation of this provision. The Lanham Act deals with trademarks, the Investment Company Act of 1940 regulates investment companies, and the Exon-Florio Foreign Investment Provision addresses national security concerns related to foreign investment in US companies. None of these acts would be relevant in this scenario.

Archman Stationeries Is Looking to Takeover Linegraph Pens