A corporation or group of investors may seek to acquire control of another corporation by offering cash for all of its shares made available for sale by a certain date. This action is called a(n): ______.

Question

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A cash tender offer is a direct, public offer to purchase a significant portion or entirety of a company's outstanding stock. It is typically done at a premium price to encourage shareholders to sell their shares. The acquiring company provides cash for the shares instead of securities. Options B, C, and D do not accurately describe this type of acquisition process.

A Corporation or Group of Investors May Seek to Acquire