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Title XXVI TRADE AND COMMERCE

Chapter 409

previous next Effective - 28 Aug 1986bottom

  409.511.  Requirements, offeror must send registration statement — solicitations, recommendations, file with commissioner. — 1.  No offeror shall make a takeover bid unless as soon as practicable on the date of commencement of the takeover bid he files with the commissioner of securities and delivers to the target company at its principal executive offices a registration statement containing the information required by section 409.516.

  2.  An offeror shall make full and fair disclosure to offerees of the material information set forth in the registration statement filed pursuant to subsection 1 of this section.

  3.  No solicitation or recommendation to the offerees of a target company to accept or reject a takeover bid shall be made by or on behalf of an offeror or a target company unless at the time copies of such solicitation or recommendation are first published, sent or given to such offerees, the person making such solicitation or recommendation has filed copies of the solicitation or recommendation with the commissioner of securities of this state.

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(L. 1986 H.B. 1667)


---- end of effective   28 Aug 1986 ----

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