Go-Fer-It Corporation Has Made a Tender Offer to Acquire Eighty

Go-Fer-It Corporation has made a tender offer to acquire eighty percent of the shares of Beekin Corporation at $58 per share.Because only sixty-eight percent of Beekin's shares have been tendered,the board of directors of Go-Fer-It wants to raise its offer price to $65 per share.If Go-Fer-It raises the offer price to $65,it must:

A) cancel the first tender offer and start over.
B) keep the higher offer open for at least twenty days.
C) pay the $65 to all shareholders who accepted at $58 per share.
D) not complete the merger unless at least ninety percent of Beekin's shares are tendered.
E) do nothing, other than advertise the increase in the offer.