Which of the following is not true of an acquisition of stock or tender offer?
A) No stockholder meetings need to be held.
B) No vote is required.
C) The bidding firm deals directly with the stockholders of the target firm.
D) In most cases, 100% of the stock of the target firm is tendered.
E) All of these are true of tender offers.

Question

Quizplus · Accepted Answer

In most cases, not 100% of the stock of the target firm is tendered; often, only a majority is needed to gain control.

Which of the Following Is Not True of an Acquisition