Under the Securities Exchange Act of 1934 and the Williams

question 55

Multiple Choice

Under the Securities Exchange Act of 1934 and the Williams Act, a tender offer:

• A) must be disclosed if the offeror's acquisition would give him 3 percent of the target's stock.
• B) must be disclosed only to the shareholders of the target corporation.
• C) disclosure is informational to ensure that investors may make an informed decision.
• D) is valid only up to 40% of the target's stock.

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Definitions:

Mineral Resource

Natural deposits of minerals within the Earth’s crust that are of economic value and can be extracted and processed.

Soil

The top layer of the Earth's surface consisting of mineral particles, organic matter, water, and air, serving as the primary medium for plant growth and nutrient cycling.

Sand

Fine particles of rock and mineral, typically found on beaches and desert landscapes, often used in construction and manufacturing.

Population Growth

The increase in the number of individuals in a population over time.