According to the Williams Act,the tender offer must be extended for ten (10)business days if the tender offeror increases the number of shares it will take or the price it will pay for the shares.

Question

Quizplus · Accepted Answer

The Williams Act, also known as the Securities Exchange Act of 1968, requires that if the tender offeror increases either the number of shares it will take or the price it will pay for the shares, the tender offer must be extended for at least ten business days to give shareholders time to consider the new terms. This provision is intended to ensure that shareholders are not coerced into tendering their shares hastily without having enough time to evaluate the revised offer.

According to the Williams Act,the Tender Offer Must Be Extended