Pacific West Utility has made a takeover offer to the shareholders of San Diego Edison.The board and management are concerned about the ability of Pacific West to manage San Diego Edison and have solicited the help of Western Power.Western Power will make a tender offer to the shareholders of San Diego Edison that is $1.00 more than Pacific West's offer.Which of the following statements is true?
A) Pacific West is the target company.
B) Western Power is the target company.
C) Western Power must comply with the Williams Act.
D) Pacific West need not comply with the Williams Act.
Correct Answer:
Verified
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