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) None of these are correct.

Question

Quizplus · Accepted Answer

The Securities Exchange Act of 1934 and the Williams Act require disclosure of a tender offer to ensure that investors have the necessary information to make an informed decision about whether to sell their shares. This is part of the broader regulatory framework designed to ensure transparency and fairness in the securities markets.