issued to the public. Such The Securities Act of 1933 requires the registration
ID: 2806873 • Letter: I
Question
issued to the public. Such The Securities Act of 1933 requires the registration of all securities a. Description of the firm's properties and business d. incial statements audited by public accountants 40. registration requires which of the following disclosures: b. c. Description of the securities Information about management e. All of the above. 41. The purpose of the 1968 Williams Act was to a. b. c. d. e. Give target firm shareholders time to review takeover proposals Prosecute target firm shareholders who misuse information Protect target firm employees from layoffs Prevent tender offers Promote tender offers 42. All of the following are true of the Hart-Scott-Rodino Antitrust Improvements Act except for Acquisitions involving firms of a certain size cannot be completed until certain information is supplied to the FTC Only the acquiring firm is required to file with the FTC An acquiring firm may agree to divest certain businesses following the completion of a transaction in order to get regulatory approval. The Act is intended to give regulators time to determine whether the proposed combination is anti-competitive. The FTC may file a lawsuit to block a proposed transaction a. c. d· e. 43. All of the following are true of antitrust lawsuits except for The FTC files lawsuits in most cases they review The FTC reviews complaints that have been recommended by its staff and approved by the FTC a· b· FTC guidelines commit the FTC to make a final decision within 13 months of a complaint As an alternative to litigation, a company may seek to negotiate a voluntary settlement of its differences with the FTC FTC decisions can be appealed in the federal circuit courts. c. d. e.Explanation / Answer
40. E) all of the above
41. Williams act was enacted in 1968 as a response to hostile takeover attempts by regulation of cash tender offers offered by bidders. It made inclusion of all details of tender offers mandatory by prospective bidders in their filing to SEC and target company. Thus answer is
D) to prevent tender offers.
42. The Hart–Scott–Rodino Antitrust Improvements Act of 1976 requires that both parties must file a "notification and report form" with the Federal Trade Commission. Therefore following is untrue
B) only the acquiring firm is required to file with FTC.
43. A) the FTC files lawsuits in most cases they review.
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