The Williams Act
A)is designed to regulate the conduct of those attempting to take over a company.
B)is designed to regulate the conduct of the target company subject to a takeover.
C)was established to prohibit corporate defensive tactics.
D)was established to resolve conflicts of interests between directors and stakeholders.

Question

Quizplus · Accepted Answer

The Williams Act was established in 1968 and is designed to regulate the conduct of those attempting to take over a company, including disclosure requirements and restrictions on certain types of transactions. It is intended to protect shareholders by ensuring they have sufficient information to make informed decisions about whether to tender their shares in response to a takeover bid.