On the day a tender offer begins,
A)greenmail must be sent to the SEC.
B)a bidder must file a disclosure statement with the SEC.
C)assets of the target corporation must be locked up until an inventory is completed.
D)the SEC issues a binding order to the target company to file audited financial statements to the bidder.

Question

Quizplus · Accepted Answer

When a tender offer begins, the bidder must file a disclosure statement with the SEC, which provides information about the offer and the bidder's intentions. Greenmail, locking up assets, and issuing binding orders are not requirements on the day a tender offer begins.

On the Day a Tender Offer Begins