Which of the Following Is Not True About Tender Offers

question 42

Multiple Choice

Which of the following is not true about tender offers?

• A) The offer must remain open at least twenty business days from the commencement of the offer.
• B) The SEC must be notified of the terms of a tender offer at least ten days before it is made.
• C) If the offeror increases the tender price, the higher price must be paid, even to those who already accepted the offer at the earlier lower price.
• D) Any increase in the price offered or the maximum number of shares that the offeror will accept requires that the effective time of the offer be extended at least ten days.
• E) The "pro rata" rule holds that the shares must be purchased on a pro rata basis if too many shares are tendered.

---

Definitions:

Short Text Field

In databases, a field type designed to hold small amounts of text, such as names or titles.

Form Design View

A mode in database and form applications allowing users to design and layout forms for data entry and display.

Form Layout View

A mode in database and form applications that allows users to design or modify the layout of a form.

Query Design View

A feature in database software that allows users to visually create and modify queries without writing SQL statements.