ABSTRACT

This address relates to the very technical provisions of the Securities Acts governing mergers, consolidations and reorganizations. A major concern is that a majority of such activity has been accomplished outside the Acts. Woodside discusses section (4)1 of the Securities Act and section 14(a) of the Securities Exchange Act both of which would require greater compliance with the securities laws for proxy statements. He also points out the differences between a “purchase” and a “pooling of interest.”