No person shall make a tender offer involving a target company in this state, or purchase any equity securities of a target company pursuant to such offer, unless the offer is effective under sections 36b-40 to 36b-52 , inclusive, or is exempted by the commissioner. Before a tender offer becomes effective under said sections, the offeror shall file with the commissioner a registration statement containing the information prescribed in subsection (a) of section 36b-43 , or, if applicable, a Schedule 14D-1 as prescribed in subsection (b) of section 36b-43 , and not later than the date of filing the registration statement or Schedule 14D-1 shall deliver a copy of the registration statement or Schedule 14D-1 , provided such Schedule 14D-1 contains all the information required by subsection (a) of section 36b-43 , to the target company at its principal executive offices and publicly disclose the material terms of the proposed offer.
Conn. Gen. Stat. § 36b-42
(Formerly Sec. 36-458). Tender offers prohibited. Exceptions. Filing and delivery of registration statement or Schedule 14D-1
Known as the Connecticut Tender Offer Act
The act spans §§ 36–36 (14 sections).
(P.A. 76-362, S. 3, 14; P.A. 81-121, S. 2, 9.) History: Sec. 36-347c transferred to Sec. 36-458 in 1979; P.A. 81-121 replaced “acquire” any equity securities with “purchase” any…
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.