What is a tender offer?
A) an offer made directly to the shareholders of a target corporation for those shareholders' shares
B) an offer made directly to the board of directors of the corporation to be acquired
C) an offer made by the use of proxies granted by the shareholders of the corporation to be acquired
D) an offer to acquire another corporation that has been approved by the Securities and Exchange Commission prior to the making of the offer
E) an offer made directly to the shareholders of a target corporation for merger
Correct Answer:
Verified
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A) constitutional.
B) constitutional,
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