Which of the Following Is a Valid Tender Offer Rule

question 70

Multiple Choice

Which of the following is a valid tender offer rule?

• A) The offer cannot be closed after 20 business days after the commencement of the tender offer.
• B) The offer cannot be extended if the tender offeror increases the number of shares it will take or the price it will pay for the shares.
• C) Any increase in price paid for shares tendered must be offered to all shareholders, including those who have previously tendered their shares.
• D) A shareholder who tenders his or her shares loses the right to withdraw them prior to the closing of the tender offer.

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Definitions:

Subclavian Artery

The subclavian artery is a major artery that supplies blood to the upper limbs, as well as to parts of the brain, neck, and thorax.

Digital Artery

Small arteries supplying blood to the fingers and toes.

Radial Artery

A major artery in the forearm that supplies blood to the lateral aspect of the arm and hand.