Which of the following is not true of an acquisition of stock or tender offers?
A) No stockholder meetings need to be held.
B) No vote is required.
C) The bidding firm deals directly with the stockholders of the target firm.
D) In most cases, 100% of the stock of the target firm is tendered.

Question

Quizplus · Accepted Answer

In acquisitions of stock or tender offers, it is not always the case that 100% of the stock of the target firm is tendered. Stockholders may choose not to sell their shares for various reasons, and there is no requirement that all stock must be sold for the acquisition to proceed.

Which of the Following Is Not True of an Acquisition