If Terry Makes a Tender Offer to the Owners of Pizza

If Terry makes a tender offer to the owners of Pizza Village's registered stock, he must file a statement with the SEC if he:

A) owns 1% of Pizza Village stock.
B) will, after the acquisition, own 5% of all Pizza Village stock.
C) will, after the acquisition, own 5% of one class of Pizza Village stock.
D) will own more than 3% of the stock in all classes.