Which of the Following Is True About the Williams Act

question 54

Multiple Choice

Which of the following is true about the Williams Act?

• A) It regulates tender offers only when the bidder intends to hold at least 2 percent of the subject company's shares.
• B) It requires bidders to solicit shares from at least 100 shareholders.
• C) It does not permit tendering shareholders to withdraw their tendered shares.
• D) It protects investors and gives the bidder and the subject company equal opportunities to present their cases to the shareholder.

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Definitions:

Business Ethics

Principles and standards that determine acceptable conduct in business.

Business Organizations

Entities set up to carry out commercial enterprises, including corporations, partnerships, and sole proprietorships.