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.

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Definitions:

CIF

Cost, Insurance, and Freight, a trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods.

Voidable Title

A legal status of property ownership that can be declared invalid by one of the parties involved, due to factors such as fraud or coercion at the time of acquisition.

Good Faith Purchaser

An individual who buys something without knowledge of a prior claim or lien against the property, therefore acquiring clean title.

Risk Of Loss

The potential for an asset to be lost, damaged, or diminished in value, and the question of who bears this risk under the terms of a contract.