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Herrera Already Owns 20% of the Stock of the Higgins

Question 47

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Herrera already owns 20% of the stock of the Higgins Corp.and plans to use his own cash to purchase another 30% of Higgins.Herrera's intent is to acquire enough Higgins stock to mount a takeover.According to law,Herrera is required to file a statement with the SEC.What information must Herrera include in the statement?

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Herrera must report that he is...

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