Explain what an IM is, and what the technology shown in the accompanying figure is.
Definitions:
Open Offer
An invitation to all shareholders to purchase additional shares in the company, typically at a discount, and not limited to a specific number of shareholders.
Reasonable Intent
A legal standard assessing what a person of ordinary intelligence and prudence would intend under certain circumstances.
Blue Book Value
An estimated value of a vehicle, derived from a standard guide or reference, used largely in the used car market for valuation purposes.
Offeree
The person to whom an offer is made, who has the power to accept the offer, thus forming a binding contract.
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