Definition: [crh] Often used in risk arbitrage. Requirement under Section 13-d of the Securities Act of 1934 that a form must be Definition: filed with the SEC within ten business days of acquiring direct or beneficial ownership of 5% oDefinition: r more of any class of equity securities in a publicly held corporation. The purchaser of such stock must also file a 13-d with the stock exchange on whDefinition: ich the shares are listed (if any) and the company itself. Required information includes the way the shares were acquired, the purchaser's background, and future planDefinition: s regarding the target company. The law is designed to protect against insidious takeover attempts and to keep the investing Definition: HREF="/?rd=public">public aware of information that could affect the price of their stock. See: Williams Act.
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