An acquiring firm can bypass a target's management by making a tender offer directly to:
A)creditors.
B)shareholders.
C)preferred stockholders.
D)founders.

Question

Quizplus · Accepted Answer

A tender offer is an offer made by a suitor company directly to the shareholders of a target company, bypassing the management or board of directors of the target company. Shareholders have the power to accept or reject the offer, which can result in a change of control of the target company.

An Acquiring Firm Can Bypass a Target's Management by Making