A Public Offer by One Firm to Directly Buy the Shares

question 7

Multiple Choice

A public offer by one firm to directly buy the shares of another firm is called a:

• A) merger.
• B) consolidation.
• C) tender offer.
• D) spinoff.
• E) divestiturE.

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Definitions:

U.S. Attorney General

The head of the United States Department of Justice and the chief law enforcement officer of the federal government.

Insolvency

A financial state in which an individual or entity is unable to meet their debt obligations as they become due, often leading to bankruptcy proceedings.

Debts Exceeds Property

A financial situation where the total amount of liabilities surpasses the value of assets owned.

Bankruptcy Legislation

Laws and regulations that govern the process through which individuals or businesses unable to meet their debt obligations can seek relief.