The 1934 Securities Exchange Act requires certain disclosure during a tender offer.Which of the following best describes this requirement?
A) Whenever stock is acquired with intent to effect a takeover
B) Whenever an offer for more than 5 percent of a class of registered equity securities is made
C) Whenever 10 percent of a target corporation's stock is acquired
D) Whenever the acquiring company acquires a controlling interest in the target
Correct Answer:
Verified
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A) employees.
B) officers.
C)
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