S. 1323 is objectionable, because it would significantly increase the cost of takeovers, reduce the benefits resulting from takeovers, and intrude into areas of corporate governance that should be left primarily to shareholders and to the States.
Statement of Administration Policy: S. 1323 - Tender Offer Disclosure and Fairness Act of 1987
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These unilateral reductions would, however, give a long-awaited encouragement for our efforts to achieve the genuine balance in conventional forces that would assure greater security and stability in Europe.
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