Which of the Following Is Not True About Tender Offers

question 60

Multiple Choice

Which of the following is not true about tender offers?

• A) The offer must remain open at least 20 business days from the commencement of the offer.
• B) The SEC must be notified of the terms of a tender offer at least 10 days before it is made.
• C) If the offeror increases the tender price,that 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 take requires that the effective time of the offer be extended at least 10 days.
• E) There is no appraisal right for persons who do not want to accept the offer.

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Definitions:

Tangible Products

Physical items that can be seen, touched, and purchased by consumers, as opposed to services or digital goods.

Function-Based Structure

An organizational arrangement where departments are divided based on specialized functions or roles such as marketing, finance, or HR.

Flexible Fuel Field

An area of technology or market focusing on fuels that can work interchangeably in vehicles or systems, such as those capable of using biofuels and gasoline.

Job Descriptions

Detailed information about a specific job, including responsibilities, requirements, and qualifications.