With respect to the Williams Act,the pro rata rule holds that ________.
A) a parent company must purchase shares from its subsidies on a pro rata basis if there are too many subsidies involved
B) a target company must sell its crown jewels to multiple friendly parties on a pro rata basis if too many crown jewels are owned by it
C) stock holders of a company must be apportioned voting power on a pro rata basis if there are too many candidates to choose
D) a target company's shares must be purchased by an acquiring company on a pro rata basis if too many shares are tendered
Correct Answer:
Verified
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