The Smith Act specifically regulates all tender offers,whether they are made with securities,cash,or other consideration,and it establishes certain disclosure requirements and antifraud provisions.

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The statement is false. The Smith Act is actually a federal law that prohibits advocating or teaching overthrowing the government by force or violence. It has nothing to do with regulating tender offers. Tender offers are governed by other federal securities laws and regulations, such as the Securities Act of 1933 and the Securities Exchange Act of 1934.

The Smith Act Specifically Regulates All Tender Offers,whether They Are