Which of the Following Is NOTtrue in Applying the Williams

question 32

Multiple Choice

Which of the following is NOTtrue 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.

---

Definitions:

Common Mistakes

Frequently occurring errors or oversights that people tend to make in various contexts.

Persuasive Message

A communication designed to convince or influence the audience to adopt a particular viewpoint or take a specific action.

Persuasion

The act or process of influencing someone's beliefs, attitudes, or actions through argument, reasoning, or appeal.

Best Interest

A principle that emphasizes acting in the most beneficial manner for the well-being or advantage of a person or entity.