The ________ rule states that any increase in price paid for shares tendered must be offered to all shareholders,even those who have previously tendered their shares.

Question

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The "fair price" rule ensures that if the price for shares is increased during a tender offer, all shareholders, including those who have already tendered their shares, must be offered the increased price. This rule is designed to ensure equitable treatment of all shareholders.

The ________ Rule States That Any Increase in Price Paid