Which of the Following Is Not True in Applying the Williams

question 10

Multiple Choice

Which of the following is not true in applying the Williams Act?

• A) An individual or group acquiring more than 5 percent of a company's publicly traded stock must file a public disclosure document with the SEC.
• B) A bidder must keep a tender offer open for at least 30 business days initially.
• C) If any substantial change is made in the terms of the tender offer, it must be kept open for at least ten business days following the change.
• D) Any shareholder may withdraw acceptance of the tender offer at any time while the offer is still open.