Which of the following is not one of the situations in which the 1934 Securities Exchange Act requires disclosure during a "tender offer"?

Question

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The 1934 Securities Exchange Act requires disclosure when a person or group acquires more than 5 percent of a class of voting securities, or when a person makes a tender offer for more than 5 percent of a class of registered equity securities. It also requires disclosure when the issuer makes an offer to repurchase its own registered shares. However, it does not specifically require disclosure when a company makes a tender offer for any voting stock in another company unless it meets the other criteria.

Which of the Following Is Not One of the Situations