On Wednesday 22 November 2006 10:19, John Andersen wrote: > On Tuesday 21 November 2006 22:53, TheOldWiseKing wrote: > > Another point I've just got from a friend, that in the USA Stock Market, > > It's not allowed to buy more that 10% of the stocks of a certain > > company. Because this may cause the buyer to bring the company down. > > > > Anyone is sure of this information? > > I suggest you get a more reliable friend.
There is a law which requires you to file a notice with the SEC when you buy more than 5% of a company's public stock, as part of the regulations around hostile takeovers. This limit used to be 10%, I guess that is what TOWK heard about -- To unsubscribe, e-mail: [EMAIL PROTECTED] For additional commands, e-mail: [EMAIL PROTECTED]
