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Death of the Offeror Terminates an Offer Even If the Offer

question 18

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Death of the offeror terminates an offer even if the offer could still be carried out by the estate of the offeror,such as the sale of property of the offeror.


Definitions:

Hostile Takeover

The acquisition of one company by another without approval from the target company's management.

Market Price

The contemporary market cost for acquiring or disposing of assets or services.

Chapter 11 Bankruptcy

A legal process that allows businesses to reorganize under bankruptcy laws of the United States, enabling them to keep operating while restructuring their debts.

Chapter 7 Bankruptcy

A legal process providing for the liquidation of a debtor's assets to pay off creditors under the U.S. bankruptcy code.

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