Under the Securities Exchange Act of 1934 and the Williams Act, a tender offer:
A) must be disclosed if the offeror's acquisition would give him 3 percent of the target's stock.
B) must be disclosed only to the shareholders of the target corporation.
C) disclosure is informational to ensure that investors may make an informed decision.
D) is valid only up to 40% of the target's stock.

Question

Quizplus · Accepted Answer

The Williams Act requires disclosure of information in a tender offer to ensure that shareholders have the necessary information to make an informed decision about whether to tender their shares. This is part of the broader regulatory framework to ensure transparency and fairness in the securities markets.