If Titanic Co.makes a tender offer to acquire more than ________ of the shares of a target,Titanic Co.must file a statement with the SEC.

Name: If Titanic Co.makes a tender offer to acquire more than ________ of the shares of a target,Titanic Co.must file a statement with the SEC.
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A company must file a statement with the SEC if it makes a tender offer to acquire more than 5% of a target company's shares.